Financial development, economic crises and emerging market economies
著者
書誌事項
Financial development, economic crises and emerging market economies
(Routledge critical studies in finance and stability / edited by Jan Toporowski, 9)
Routledge, 2017
- : hbk
大学図書館所蔵 全4件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Includes bibliographical references and index
内容説明・目次
内容説明
Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision.
But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.
目次
Preface
James K. Galbraith
Introduction: Financial Development: The Sword Of Damocles Hanging Over The Process Of Economic Development
Faruk UElgen
Chapter 1. Financial Liberalization, Crises And Policy Implications
Philip Arestis
Chapter 2. Global Financing: A Bad Medicine For Developing Countries
Joaquin Arriola
Chapter 3. Financial Development, Instability And Some Confused Equations
Faruk UElgen
Chapter 4. Underdeveloped Financial Markets Infrastructure Of Emerging Market Economies. Assessment Of Underlying Challenges And Suggested Policy Responses
Shazia GHANI
Chapter 5. Towards De-Financialization
Malcolm Sawyer
Chapter 6. A Common Currency For The Common Good
Sergio Rossi
Chapter 7. A Capital Market Without Banks. Lending And Borrowing In Hennaarderadeel, Friesland, 1537-1555
Merijn KNIBBE And Paul Borghaerts
Chapter 8. Financial Liberalization, Financial Development And Instability In Emerging Economies: What Lessons For The Franc Zone?
Aboubakar Sidiki Cisse
Chapter 9. Depositor Myopia And Banking Sector Behavior
Ozan Bakis, Fatih Karanfil And Sezgin Polat
Chapter 10. Dollarization And Financial Development: The Experience Of LA Countries
Eugenia Correa And Alicia Giron
Chapter 11. Financialization In Brazil: A Paper Tiger, With Atomic Teeth?
Pierre Salama
Chapter 12. National And Supra-National Financial Regulatory Architecture: Transformations Of The Russian Financial System In The Post-Soviet Period
Nadezhda N. Pokrovskaia
Chapter 13: Minsky In Beijing: Shadow Banking, Credit Expansion And Debt Accumulation In China
Yan Liang
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