International Initiatives to Bring Stability to Financial Integration
24 Pages Posted: 21 Apr 2011
There are 3 versions of this paper
International Initiatives to Bring Stability to Financial Integration
International Initiatives to Bring Stability to Financial Integration
Date Written: March 1999
Abstract
Financial liberalization and integration have generated disappointing results. They were supposed to set up a win-win situation: capital would flow from capital-abundant, low-return, aging industrial countries to capital-scarce, high-return, young emerging countries. Growth in receiving countries would accelerate and both giver and receiver would be happier, while everyone`s diversification opportunities improved. As a bonus, emerging market policymakers would be disciplined by losing access to a captive local financial market.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Crises and the Poor: Socially Responsible Macroeconomics
By Nora Lustig
-
Household Strategies for Coping with Poverty and Social Exclusion in Post-Crisis Russia
By Michael Lokshin and Ruslan Yemtsov
-
Single Mothers in Russia: Household Strategies for Coping with Poverty
By Michael Lokshin, Barry M. Popkin, ...
-
International Initiatives to Bring Stability to Financial Integration
-
International Initiatives to Bring Stability to Financial Integration
-
Household Income and the Role of Household Plots in Rural Russia
-
Political Communication and Economic Reform: The Use of Consumerist Frames in Brazil, 1985-2005
By Sybil Rhodes