An overview of developments in global financial markets in the 1990s

.

Chapter 14 in All Fall Down, 2018, pp 101-104 from Edward Elgar Publishing

Abstract: Rising volumes of capital flows in the 1990s propelled the external and domestic debt of many countries to historically high levels and coincided with robust rates of economic growth. Developing nations assumed an advancing role in the global economy with developing Asia in the lead. But financial crises had encouraged many of these countries to increase their reserve holdings and, by 2002, emerging economies as a group supplied a larger share of net outflows than the euro area. This shift in the global makeup of capital flows channeled financial resources from the poor to the rich, strengthening US growth rates as it made America the dominant importer of both goods and capital.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781788119481.00024.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
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:elg:eechap:18346_14

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().