Financial Globalization: From Crises-Prone to Development-Friendly?

Ricardo Ffrench-Davis

Chapter 8 in Economic Growth with Equity, 2007, pp 175-197 from Palgrave Macmillan

Abstract: Abstract Opening of the capital account has been one of the strongest policy recipes of mainstream economics since the 1980s. The recipe has been implemented vigorously in Latin America, encompassing a wide variety of flows including acquisitions of public and private firms, bonds, equity stock and derivatives.2 After significant innovations in international capital markets in the 1990s, private flows flowed abundantly into Latin America, particularly, in 1990–97. Liberalization has also included flows of domestic capital, seeking the full integration of local financial markets to international markets.

Keywords: Exchange Rate; Total Factor Productivity; Real Exchange Rate; Aggregate Demand; Capital Account (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Book: Financial globalization: from crises-prone to development-friendly? (2007)
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:pal:palchp:978-0-230-80091-5_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230800915

DOI: 10.1057/9780230800915_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().