Economic management in a volatile environment : monetary and financial issues
- Title
- Economic management in a volatile environment : monetary and financial issues / Ramkishen S. Rajan and Sasidaran Gopalan.
- Published by
- Houndmills, Basingstoke, Hampshire ; New York, NY : Palgrave Macmillan, 2015.
- Author
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Status | Format | Access | Call number | Item location |
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Status | FormatText | AccessRequest in advance | Call numberHG1496 .R35 2015 | Item locationOff-site |
Details
- Additional authors
- Description
- xx, 283 pages; 23 cm
- Summary
- "Since the 1990s, several emerging market economies (EMEs) have, to varying degrees, embraced the process of 'financial globalisation', broadly defined as a set of policies that involve allowing for greater openness to cross-border capital flows as well as greater market access to foreign financial institutions. By 2010, the EMEs accounted for just under half of global GDP and are set to surpass the advanced economies in the next few years. However, EMEs are not without their concerns. They have been faced with a variety of policy challenges owing to their increasing integration with global financial markets. This book discusses some of the challenges relating to macroeconomic and financial management in a volatile and uncertain world, brought about by greater financial openness. The emphasis of the book is on exploring the implications of a key set of issues emanating from financial globalisation on emerging market economies in a rigorous but readable manner. "--
- Subject
- Contents
- I. Exchange Rates, Reserves, and Controls: 1. What is the Extent of Monetary Sterilisation in China? / (With A. Ouyang and T.D. Willett); 2. What Determines Real Exchange Rate Fluctuations? / (with A. Ouyang); 3. What is the Impact of Capital Controls? / (with J. Li); 4. Can International Currency Taxation Stabilise Currency Fluctuations? / (with G. Bird); 5. Why Do Countries Accumulate International Reserves? / (with V. Yanamandra) -- II. Financial Crises, Financial Liberalisation, and Foreign Bank Entry: 6. Comparing Financial Crises: What Lessons for Asia from the Eurozone Crisis?; 7. Financial Liberalisation and Foreign Bank Entry: What is the Nexus?; 8. Do Foreign Banks Enhance Banking System Efficiency?; 9. How Do Foreign Banks Affect Firms' Access to Credit?; 10. Why Do Banks Go Abroad?.
- Owning institution
- Columbia University Libraries
- Bibliography (note)
- Includes bibliographical references (pages 254-277) and index.