Curbing The Boom-Bust Cycle: Stabilizing Capital Flows To Emerging Markets - Brossura

Williamson, John

Brossura

ISBN 10: 0881323306 ISBN 13: 9780881323306

Casa editrice: Peterson Inst for Intl Economics, 2005

Riassunto

International investors poured vast sums of money into East Asian and Latin American countries during the mid-1990s, when the emerging market boom was at its peak. Then Thailand stumbled and panic seized the markets, and boom gave way to bust. Investors suffered large financial losses, while Asian countries suddenly experienced large capital outflows and the macroeconomic pressures these wrought plunged countries that had been growing rapidly ("miraculously") into crisis. Much the same had happened in Latin America when the debt crisis broke in 1982. This book investigates what can be done to make the international capital market a constructive force in promoting development in emerging markets. John Williamson concludes that the problem of cyclicality that has undermined the value of international borrowing cannot be tackled just, or even mainly, from the supply side, but will require actions on the part of both creditors and debtors.

Su questa edizione

• Editore: Peterson Inst for Intl Economics
• Data di pubblicazione: 2005
• ISBN 10: 0881323306
• ISBN 13: 9780881323306
• Rilegatura: Copertina flessibile
• Numero di pagine: 126