Financial Markets Volatility and Performance in Emerging Markets
Sebastian Edwards and Marcio G. P. Garcia
Abstract
Capital mobility is a double-edged sword for emerging economies, as governments must weigh the benefits of investment against the potential economic costs and political consequences of currency crises, devaluations, and instability. This book addresses the delicate balance between capital mobility and capital controls as developing countries navigate the convoluted global network of private investors, hedge funds, large corporations, and international institutions such as the International Monetary Fund. A group of experts examine rapidly globalizing financial markets with regard to capital fl ... More
Capital mobility is a double-edged sword for emerging economies, as governments must weigh the benefits of investment against the potential economic costs and political consequences of currency crises, devaluations, and instability. This book addresses the delicate balance between capital mobility and capital controls as developing countries navigate the convoluted global network of private investors, hedge funds, large corporations, and international institutions such as the International Monetary Fund. A group of experts examine rapidly globalizing financial markets with regard to capital flows and crises, domestic credit, international financial integration, and economic policy. Featuring detailed analyses and cross-national comparisons of countries such as Brazil, Argentina, Uruguay, and Korea, this book will shape economists' and policymakers' understanding of the effectiveness of restrictions on capital mobility in the world's most fragile economies.
Keywords:
capital mobility,
emerging economies,
private investors,
hedge funds,
financial markets,
capital flows,
capital controls,
developing countries,
domestic credit,
economic policy
Bibliographic Information
| Print publication date: 2008 |
Print ISBN-13: 9780226184951 |
| Published to Chicago Scholarship Online: February 2013 |
DOI:10.7208/chicago/9780226185040.001.0001 |
Authors
Affiliations are at time of print publication.
Sebastian Edwards, editor
Marcio G. P. Garcia, editor
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