Lessons of the Crisis for Emerging Markets

Barry Eichengreen

No 179, ADBI Working Papers from Asian Development Bank Institute

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 (search for similar items in EconPapers)
JEL-codes: F00 F30 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2009-12-15
New Economics Papers: this item is included in nep-ban, nep-cba, nep-fmk, nep-ifn, nep-mon and nep-sea
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.adbi.org/working-paper/2009/12/15/3419. ... is.emerging.markets/ Full text (text/html)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://www.adbi.org/working-paper/2009/12/15/3419.lessons.crisis.emerging.markets/ [302 Moved Temporarily]--> https://www.adbi.org/working-paper/2009/12/15/3419.lessons.crisis.emerging.markets/ [302 Moved Temporarily]--> https://www.adb.org/adbi/working-paper/2009/12/15/3419.lessons.crisis.emerging.markets/)

Related works:
Journal Article: Lessons of the crisis for emerging markets (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:adbiwp:0179

Access Statistics for this paper

More papers in ADBI Working Papers from Asian Development Bank Institute Kasumigaseki Building 8F, 3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo 100-6008, Japan. Contact information at EDIRC.
Bibliographic data for series maintained by ADB Institute ().