Macroeconomic volatility, institutio...
Developing countries

 

  • Macroeconomic volatility, institutions and financial architectures[electronic resource] :the developing world experience /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 339
    書名/作者: Macroeconomic volatility, institutions and financial architectures : the developing world experience // edited by Josâe Marâia Fanelli.
    其他作者: Fanelli, Josâe Marâia.
    出版者: Basingstoke [England] ; : Palgrave Macmillan,, 2008.
    面頁冊數: xxi, 403 p. : : ill.
    標題: Macroeconomics.
    標題: Financial institutions - Developing countries.
    標題: Developing countries - Economic policy.
    ISBN: 9780230590182
    ISBN: 0230590187
    書目註: Includes bibliographical references (p. 374-389) and index.
    內容註: Macro volatility and financial institutions / Josâe Marâia Fanelli -- A countercyclical framework for a development-friendly IFA / Josâe Antonio Ocampo and Stephany Griffith-Jones -- Regional and multilateral efforts : institution-building / Yung Chul Park, Yunjong Wang and Doo Yong Yang -- Volatility : prudential regulation, standards and codes / Liliana Rojas-Suarez -- The political economy of reforming domestic financial architectures / Andrâes Rius -- China / Harry X. Wu and Esther Y.P. Shea -- Thailand / Piriya Pholphirul and Pakorn Vichyanond -- Russia / Anatoliy Peresetsky and Vladimir Popov -- Argentina / Josâe Marâia Fanelli -- Brazil / Francisco Eduardo Pires de Souza,Getâulio Borges da Silveira Filho and Fernando J. Cardim de Carvalho -- Chile / Igal Magendzo and Daniel Titelman -- South Africa / Melvin Ayogu and Hashem Dezhbakhsh -- Nigeria / S. Ibi Ajayi and Adeola Adenikinju.
    摘要、提要註: The deregulation of domestic financial markets and the capital account in developing countries has frequently been associated with financial turmoil and macro volatility. Neither domestic institutions nor the rules of the game of the international financial architecture have been able to copeeffectively with certain financial disequilibria. This book analyzes the experiences of Argentina, Brazil, Chile, China, Nigeria,Russia, South Africa, and Thailand, and draws implications for buildingdevelopment-friendly domestic and international financial architectures. The central conclusion ofthe studies is that there is a bi-directional causality between volatility and institutions: high volatility andcrises contribute to deteriorating the rules of the financial game; weak institutions reduce financial deepening and the ability to manage risks; and, this feeds aggregate volatility. Hence,the policy recommendations are made in light of the key challenge: to design and implement policiesable to control volatility while building the rules of the financial game that will ultimately contribute to mitigating the sources ofaggregate risk.
    電子資源: access to fulltext (Palgrave)
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