Liberalization, financial instability and economic development /
Akyüz, Yılmaz,
Liberalization, financial instability and economic development / Liberalization, Financial Instability & Economic Development Yilmaz Akyüz. - 1 online resource (ix, 327 pages) : digital, PDF file(s).
Title from publisher's bibliographic system (viewed on 02 Oct 2015).
Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North.'Liberalization, Financial Instability and Economic Development' challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.
9781783082407 (ebook)
Finance.
Financial crises.
Finance--Developing countries.
Economic development--Developing countries.
HG173 / .A378 2014
332/.042
Liberalization, financial instability and economic development / Liberalization, Financial Instability & Economic Development Yilmaz Akyüz. - 1 online resource (ix, 327 pages) : digital, PDF file(s).
Title from publisher's bibliographic system (viewed on 02 Oct 2015).
Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North.'Liberalization, Financial Instability and Economic Development' challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.
9781783082407 (ebook)
Finance.
Financial crises.
Finance--Developing countries.
Economic development--Developing countries.
HG173 / .A378 2014
332/.042