Title: Financial deepening and post-crisis development in emerging markets :
Authors: Gevorkyan, Aleksandr V.,; Canuto, Otaviano,
Date: 2016
Publisher: Palgrave Macmillan,
Physical description: xix, 279 pages : illustrations ; 22 cm
Language: English
LC class: H
Abstract: "This collection empirically and conceptually advances our understanding of the intricacies of emerging markets' financial and macroeconomic development in the post-2008 crisis context. Covering a vast geography and a broad range of economic viewpoints, this study serves as an informed guide in the unchartered waters of fundamental uncertainty as it has been redefined in the post-crisis period. Contributors to the collection go beyond risks-opportunities analyses, looking deeper into the nuanced interpretations of data and economic categories as interplay of developing world characteristics in the context of redefined fundamental uncertainty. Those concerns relate to the issues of small country finance, the industrialization of the developing world, the role of commodity cycles in the global economy, sovereign debt, speculative financial flows and currency pressures, and connections between financial markets and real markets. Compact and comprehensive, this collection offers unique perspectives into contemporary issues of financial deepening and real macroeconomic development in small developing economies that rarely surface in the larger policy and development debates." -- Back cover.
Contents: Emerging markets and the post-2008 world -- Post-crisis lessons for EME capital markets -- Interest rates, terms of trade, and currency crises : are we on the verge of a new crisis in the periphery? -- Devaluation and labor market dualism in emerging markets -- Financial flows to emerging economies and policy alternatives post 2008 -- Corporate cash holdings and economic crises in Mexico -- Nonlinearity testing of Latin American exchange rates -- Liquidity dynamics and central bank policy intervention in select Caribbean foreign exchange markets -- Determinants of non-performing loans in Guyana -- Financial flows and productivity in Eastern Europe : implications for growth and policy -- The changing character of financial flows to Sub-Saharan Africa -- Oil prices and bank profitability : evidence from major oil-exporting countries in the Middle East and North Africa.