Mechanisms for Forming Currency- Financial Crises in Developing Markets

David Tereladze () and Ernie Hendrawaty ()
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David Tereladze: International Economics and International Corporate Finance North-West Institute of Management
Ernie Hendrawaty: University Lampung, Management Lampung

A chapter in Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022), 2023, pp 157-169 from Springer

Abstract: Abstract The subject of the study is the formation of monetary and financial crises in emerging markets. The author’s classification of crises is proposed, and the main mechanisms for the formation of financial instability are also given. The article discusses the issues of cross-border international capital movement and the impact of this process on economic security and the sustainability of Russia’s socio-economic development. An assessment of capital outflows was carried out between 1994 and 2018. It has been established that the ratio of attracted direct investments to the accumulated exported capital is not optimal; this conclusion is made on the basis of the appeal to global trends in international capital flows, as well as taking into account the Russian situation in this area. The article proposes several directions for improving state regulation of cross-border capital flows in Russia. This, according to the authors, will ensure the sustainability of socio-economic development and neutralize several threats to the country’s economic security.

Keywords: Financial crisis; capital expansion; financial instability; foreign currency lending; financial dollarization; credit boom; capital outflow; financial security; national security; economic security; macroeconomic indicators; sustainability of socio-economic development (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-2-38476-064-0_18

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DOI: 10.2991/978-2-38476-064-0_18

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