Lessons of the Crisis for Emerging Markets

15 Pages Posted: 19 Jun 2010

See all articles by Barry Eichengreen

Barry Eichengreen

University of California, Berkeley; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Date Written: December 15, 2009

Abstract

This paper attempts to draw out the implication of the financial crisis for emerging markets. The most important implications will center on financial markets, where there will be less reliance on portfolio capital flows to finance investment and some deglobalization of banking so that the domain of bank operations more closely coincides with the domain of regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international monetary system will be more limited.

Keywords: Global financial crisis, lessons, exchange rate policy, financial architecture

JEL Classification: F0, F3

Suggested Citation

Eichengreen, Barry, Lessons of the Crisis for Emerging Markets (December 15, 2009). ADBI Working Paper No. 179, Available at SSRN: https://ssrn.com/abstract=1626103 or http://dx.doi.org/10.2139/ssrn.1626103

Barry Eichengreen (Contact Author)

University of California, Berkeley ( email )

310 Barrows Hall
Berkeley, CA 94720
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
328
Abstract Views
2,087
Rank
168,341
PlumX Metrics