Emerging Economies and the Global Financial System: Post-Keynesian Analysis Bonizzi Bruno
Emerging Economies and the Global Financial System: Post-Keynesian Analysis Bonizzi Bruno This book provides a comprehensive overview of the financial integration of emerging economies through an…
Specifikacia Emerging Economies and the Global Financial System: Post-Keynesian Analysis Bonizzi Bruno
Emerging Economies and the Global Financial System: Post-Keynesian Analysis Bonizzi Bruno
This book provides a comprehensive overview of the financial integration of emerging economies through an in-depth analysis of the international monetary system, how it impacts capital flows and exchange rates, and its implications for policy making.The financial integration of emerging economies has been a remarkable development of the past two decades. This has not been a smooth process, as integration has been marked by cyclical waves of capital flows, with financial and currency instability often accompanying the acute phases of these cycles. The growth of cross-border transactions and asset ownership, not least through the accumulation of foreign exchange reserves, has put many of these countries in a more prominent, if still peripheral, position within the global financial system.
While conventional economic theory traditionally sees financial integration as a positive