Capital market liberalization has been a key battle in the debate on globalization for much of the previous two decades. Many developing countries, often at the behest of international financial institutions such as the IMF, opened their capital...
mehr
Capital market liberalization has been a key battle in the debate on globalization for much of the previous two decades. Many developing countries, often at the behest of international financial institutions such as the IMF, opened their capital accounts and liberalized their domestic financial markets as part of the wave of liberalization that characterized the 1980s and 1990s and in doing so exposed their economies to increased risk and volatility. Now with even the IMFacknowledging the risks inherent in capital market liberalization, the central intellectual battle over the effects of capit
Electronic reproduction; Available via World Wide Web
Contents; List of Figures; List of Tables; 1. Capital Market Liberalization and Development; 2. The Benefits and Risks of Financial Globalization; 3. Capital Market Liberalization, Globalization, and the IMF; 4. From the Boom in Capital Inflows to Financial Traps; 5. Capital Market Liberalization and Poverty; 6. Capital Management Techniques in Developing Countries: Managing Capital Flows in Malaysia, India, and China; 7. The Role of Preventative Capital Account Regulations; 8. The Malaysian Experience in Financial-Economic Crisis Management: An Alternative to the IMF-Style Approach
9. Domestic Financial Regulations in Developing Countries: Can They Effectively Limit the Impact of Capital Account Volatility?10. The Pro-Cyclical Impact of Basel II on Emerging Markets and its Political Economy; 11. Consequences of Liberalizing Derivatives Markets; 12. Do Global Standards and Codes Prevent Financial Crises?; Glossary; Acronyms; Index
