Consumer financial spinning and market stress factors in emerging markets

Olivier Mesly

Chapter 21 in Handbook of Banking and Finance in Emerging Markets, 2022, pp 394-418 from Edward Elgar Publishing

Abstract: This chapter describes the phenomenon of consumer financial spinning and analyses its five hypothesized market stress factors in the context of emerging economies. The latter are particularly vulnerable to these factors, which we define as: (1) external pressure for economic liberalization; (2) necessary spending on healthcare; (3) expectations of efficient regulations and banking standardization; (4) quest for political stability and integration; and (5) push for transparency despite lags in financial technology. These factors, when exercising too much pressure, may foster the accumulation of national debt, which, in dire circumstances, may become unsustainable, thus jeopardizing the economic growth potential.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2022
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