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Aggiungi al carrelloHardback. Condizione: New. Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility that has hit many middle-income countries (MICs) after liberalizing their financial markets has prompted critics to call for new policies to stabilize these boom-bust cycles. But, as Aaron Tornell and Frank Westermann point out in this book, over the last two decades most of the developing countries that have experienced lending booms and busts have also exhibited the fastest growth among MICs. Countries with more stable credit growth, by contrast, have exhibited, on average, lower growth rates. Factors that contribute to financial fragility thus appear, paradoxically, to be a source of long-run growth as well. Tornell and Westermann analyze boom-bust cycles in the developing world and discuss how these cycles are generated by credit market imperfections. They explain why the financial liberalization that allows countries to overcome imperfections impeding rapid growth also generates the financial fragility that leads to greater volatility and occasional crises. The conceptual framework they present illustrates this linkage and allows Tornell and Westermann to address normative questions regarding liberalization policies.The authors also characterize key macroeconomic regularities observed across MICs, showing that credit markets play a key role not only in boom-bust episodes but in the strong "credit channel" observed during tranquil times. A theoretical framework is then presented that explains how credit market imperfections can account for these empirical patterns. Finally, Tornell and Westermann provide microeconomic evidence on the credit market imperfections that drive the results of the theoretical framework, finding that asymmetries between tradables and nontradables are key to understanding the patterns in MIC data.
Lingua: Inglese
Editore: MIT Press, 2005
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Aggiungi al carrellogebundene Ausgabe. Condizione: Gut. 186 Seiten; Das hier angebotene Buch stammt aus einer teilaufgelösten wissenschaftlichen Bibliothek und trägt die entsprechenden Kennzeichnungen (Rückenschild, Instituts-Stempel.); Buchrücken und Einbandkanten sind leicht bestoßen; der Buchzustand ist ansonsten ordentlich und dem Alter entsprechend gut. ENGLISCH. Originalschutzumschlag vorhanden, jedoch beschädigt (kleinere Einrisse im Randbereich). Sprache: Englisch Gewicht in Gramm: 450.
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Paperback or Softback. Condizione: New. Boom-Bust Cycles and Financial Liberalization. Book.
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Lingua: Inglese
Editore: THE MIT PRESS, Cambridge (Massachusetts), 2005
ISBN 10: 0262201593 ISBN 13: 9780262201599
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Lingua: Inglese
Editore: University of Chicago Press, 2003
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Lingua: Inglese
Editore: University of Chicago Press, 2003
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Lingua: Inglese
Editore: University of Chicago Press, 2003
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Aggiungi al carrelloGebunden. Condizione: New. KlappentextHidden behind a number of economic crises in the mid- to late 1990s-including Argentina s headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatic.
Lingua: Inglese
Editore: University of Chicago Press, 2003
ISBN 10: 0226302679 ISBN 13: 9780226302676
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Editore: University of Chicago Press, 2003
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Aggiungi al carrelloCondizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth.KlappentextAnalysis and evidence of how the factors that give rise to boom-bust cycles in f.
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Aggiungi al carrelloTaschenbuch. Condizione: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth.
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Aggiungi al carrelloTaschenbuch. Condizione: Neu. Boom-Bust Cycles and Financial Liberalization | Aaron Tornell (u. a.) | Taschenbuch | Kartoniert / Broschiert | Englisch | 2005 | MIT Press | EAN 9780262526241 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu Print on Demand.