Emerging Market Economies

Emerging Market Economies Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Emerging Market Economies book. This book definitely worth reading, it is an incredibly well-written.

Emerging Market Economies and Financial Globalization

Leonardo E. Stanley
Emerging Market Economies and Financial Globalization Book PDF

Author : Leonardo E. Stanley
Publisher : Anthem Press
Page : 260 pages
File Size : 52,9 Mb
Release : 2018-03-15
Category : Business & Economics
ISBN : 9781783086757

Get Book

Emerging Market Economies and Financial Globalization by Leonardo E. Stanley Pdf

In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.

Global Finance in Emerging Market Economies

Todd Knoop
Global Finance in Emerging Market Economies Book PDF

Author : Todd Knoop
Publisher : Routledge
Page : 330 pages
File Size : 43,5 Mb
Release : 2013-02-11
Category : Business & Economics
ISBN : 9781135082260

Get Book

Global Finance in Emerging Market Economies by Todd Knoop Pdf

Emerging market economies have accounted for three quarters of world economic growth and more than half of world output over the last decade. But the energy and ideas inherent in emerging economies cannot generate growth by themselves without resources to support them — and first among these resources is money which is needed to purchase the capital and knowhow that turn ideas and initiative into income. How do emerging economies rich in resources other than money get money? This question encapsulates what emerging market finance is all about, and why finance is absolutely crucial to economic development. In emerging countries, most of the population does not have access to bank accounts or financial markets to save or borrow. The result is that many firms cannot get access to financial resources to grow, while households cannot borrow and save in ways that could reduce the riskiness and poverty of their lives. Even those that do have access to formal finance find that credit is unreliable and expensive. These financial failures limit growth and also increase the frequency of costly financial crises. These issues, and many more like them, mean that finance in emerging economies is different and often more complex than the view presented in most textbooks, where finance is only considered from the perspective of wealthy, developed economies. This book addresses this failure by focusing on the important characteristics of financial systems in emerging market economies and their differences from those in developed countries. This book surveys both theoretical and empirical research on finance in emerging economies, as well as reviewing numerous case studies. The final chapters describe and compare financial systems within the four different regions that encompass most emerging economies: Sub-Saharan Africa, the Middle East, Asia, and South America.

Emerging Markets and the Global Economy

Mohammed El Hedi Arouri,Sabri Boubaker,Duc Khuong Nguyen
Emerging Markets and the Global Economy Book PDF

Author : Mohammed El Hedi Arouri,Sabri Boubaker,Duc Khuong Nguyen
Publisher : Academic Press
Page : 927 pages
File Size : 40,8 Mb
Release : 2013-12-26
Category : Business & Economics
ISBN : 9780124115637

Get Book

Emerging Markets and the Global Economy by Mohammed El Hedi Arouri,Sabri Boubaker,Duc Khuong Nguyen Pdf

Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan Concentrates on post-crisis roles of emerging markets in the global economy Reports on key theoretical and technical developments in emerging financial markets Forecasts future developments in linkages among developed and emerging economies

Dynamics of Institutional Change in Emerging Market Economies

Nezameddin Faghih,Ali Hussein Samadi
Dynamics of Institutional Change in Emerging Market Economies Book PDF

Author : Nezameddin Faghih,Ali Hussein Samadi
Publisher : Springer
Page : 387 pages
File Size : 46,7 Mb
Release : 2022-04-10
Category : Business & Economics
ISBN : 3030613445

Get Book

Dynamics of Institutional Change in Emerging Market Economies by Nezameddin Faghih,Ali Hussein Samadi Pdf

Economic, social, political, and cultural institutions, and institutional change reflect shared journeys of humanity throughout history. This edited volume explores dynamics, trends, and implications of institutional change in emerging markets, by focusing on theories, concepts, and mechanisms of institutional development. Presenting research by eminent scholars and experts engaged in education and research, they address and discuss the most recent issues in the field, reveals new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets. Topics range from dynamics of institutional change and development within the Group of Twenty (G20), and the European Union with an assessment of Brexit impact, to institutional quality measurement, public administration reforms, as well as emergent topics such as the effects of energy and globalization. It provides new international business theories, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change. The book is intended for a wide range of global audience, and should serve as a useful reference in education and research, offering innovative and productive discussions, as well as satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies.

Rising Tide

Lawrence Edwards,Robert Z. Lawrence
Rising Tide Book PDF

Author : Lawrence Edwards,Robert Z. Lawrence
Publisher : Peterson Institute
Page : 299 pages
File Size : 41,7 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780881325003

Get Book

Rising Tide by Lawrence Edwards,Robert Z. Lawrence Pdf

In 1963, John F. Kennedy said that "a rising tide lifts all the boats. And a partnership, by definition, serves both parties, without domination or unfair advantage." US international economic policy since World War II has been based on the premise that foreign economic growth is in America's economic, as well as political and security, self-interest. The bursting of the speculative dot.com bubble, slowing US growth, and the global financial crisis and its aftermath, however, have led to radical changes in Americans' perceptions of the benefits of global trade. Many Americans believe that trade with emerging-market economies is the most important reason for US job loss, especially in manufacturing, and is detrimental to American welfare and an important source of wage inequality. Several prominent economists have reinforced these public concerns. In this study, Lawrence Edwards and Robert Z. Lawrence confront these fears through an extensive survey of the empirical literature and in depth analyses of the evidence. Their conclusions contradict several popular theories about the negative impact of US trade with developing countries. They find considerable evidence that while adjusting to foreign economic growth does present America with challenges, growth in emerging-market economies is in America's economic interest. It is hard, of course, for Americans to become used to a world in which the preponderance of economic activity is located in Asia. But one of America's great strengths is its adaptability. And if it does adapt, the American economy can be buoyed by that rising tide.

Emerging Market Economies

Grzegorz W. Kolodko
Emerging Market Economies Book PDF

Author : Grzegorz W. Kolodko
Publisher : Routledge
Page : 292 pages
File Size : 54,5 Mb
Release : 2018-04-27
Category : Business & Economics
ISBN : 9781351775830

Get Book

Emerging Market Economies by Grzegorz W. Kolodko Pdf

This title was first published in 2003. Emerging Market Economies: Globalization and Development is the result of a comprehensive international research project co-ordinated within the TIGER (Transformation, Integration and Globalization Economic Research). It deals with economic, social and political implications of globalization for the development of emerging market economies and is authored by a host of international scholars from the USA, Chile, Tanzania, UK/Italy, Hungary, Poland, Romania, China and Japan. Kolodko et al examine the fundamental issues of the influences of globalization on the markets for capital, goods and labour and for the growth and development in emerging markets including post-communist countries. The study includes a number of comprehensive and compatible works which deal especially with the chances for and mechanism of catching-up on these emerging markets.

Real Estate, Construction and Economic Development in Emerging Market Economies

Raymond Talinbe Abdulai,Franklin Obeng-Odoom,Edward Ochieng,Vida Maliene
Real Estate Construction and Economic Development in Emerging Market Economies Book PDF

Author : Raymond Talinbe Abdulai,Franklin Obeng-Odoom,Edward Ochieng,Vida Maliene
Publisher : Routledge
Page : 384 pages
File Size : 42,8 Mb
Release : 2015-10-23
Category : Business & Economics
ISBN : 9781317647836

Get Book

Real Estate, Construction and Economic Development in Emerging Market Economies by Raymond Talinbe Abdulai,Franklin Obeng-Odoom,Edward Ochieng,Vida Maliene Pdf

Real Estate, Construction and Economic Development in Emerging Market Economies examines the relationships between real estate and construction sectors and explores how each sector, and the relationships between them, affect economic development in emerging market economies (EMEs). Throughout the book, the international team of contributors discuss topics as diverse as real estate finance and investment, housing, property development, construction project management, valuation, sustainability and corporate real estate. In doing so the book demonstrates how the relationship between construction and real estate impacts on economic development in countries such as Argentina, Brazil, Colombia, China, Ghana, Nigeria, Turkey, Lithuania, Hungary and Slovenia. Topics include: the role of real estate brokerage in improving the living standards of citizens; the effect of a mineral boom on construction cycles, real estate values and the socio-economic conditions of people in boom towns and cities; corporate real estate management practices and how they affect economic growth; and the synergies between construction and real estate and how they, in turn, affect economic development. This book will be of interest to those studying and researching real estate, construction, development studies, urban economics and emerging market economies.

Globalisation and Emerging Economies Brazil, Russia, India, Indonesia, China and South Africa

OECD
Globalisation and Emerging Economies Brazil Russia India Indonesia China and South Africa Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 454 pages
File Size : 42,9 Mb
Release : 2009-03-19
Category : Electronic
ISBN : 9789264044814

Get Book

Globalisation and Emerging Economies Brazil, Russia, India, Indonesia, China and South Africa by OECD Pdf

This book analyses key elements of the trade performance of the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa, in relation to the rest of the world, focusing on trade and other policies influencing that performance. It also presents a separate chapter for each country.

Winning in Emerging Markets

Tarun Khanna,Krishna G. Palepu
Winning in Emerging Markets Book PDF

Author : Tarun Khanna,Krishna G. Palepu
Publisher : Harvard Business Press
Page : 261 pages
File Size : 43,7 Mb
Release : 2010-04-28
Category : Business & Economics
ISBN : 9781422157862

Get Book

Winning in Emerging Markets by Tarun Khanna,Krishna G. Palepu Pdf

The best way to select emerging markets to exploit is to evaluate their size or growth potential, right? Not according to Krishna Palepu and Tarun Khanna. In Winning in Emerging Markets, these leading scholars on the subject present a decidedly different framework for making this crucial choice. The authors argue that the primary exploitable characteristic of emerging markets is the lack of institutions (credit-card systems, intellectual-property adjudication, data research firms) that facilitate efficient business operations. While such "institutional voids" present challenges, they also provide major opportunities-for multinationals and local contenders. Palepu and Khanna provide a playbook for assessing emerging markets' potential and for crafting strategies for succeeding in those markets. They explain how to: · Spot institutional voids in developing economies, including in product, labor, and capital markets, as well as social and political systems · Identify opportunities to fill those voids; for example, by building or improving market institutions yourself · Exploit those opportunities through a rigorous five-phase process, including studying the market over time and acquiring new capabilities Packed with vivid examples and practical toolkits, Winning in Emerging Markets is a crucial resource for any company seeking to define and execute business strategy in developing economies.

Establishing Monetary Stability In Emerging Market Economies

Thomas D. Willett
Establishing Monetary Stability In Emerging Market Economies Book PDF

Author : Thomas D. Willett
Publisher : Routledge
Page : 265 pages
File Size : 52,9 Mb
Release : 2019-03-07
Category : Political Science
ISBN : 9780429723636

Get Book

Establishing Monetary Stability In Emerging Market Economies by Thomas D. Willett Pdf

There has been fierce debate about the optimal sequencing of economic reforms in emerging market economies. Many economists argue that for market-oriented systems to operate effectively, a reasonable degree of monetary stability is necessary. Rampant inflation, a common challenge for emerging economies, greatly reduces the chances that market-oriented reforms will be successful. In this comprehensive volume, a group of policy-oriented economists from North America, Europe, and the former Soviet Union explore the causes of monetary instability in reforming economies and evaluate alternative institutional mechanisms designed to reduce inflationary pressures. Considering the latest theoretical and empirical research–as well as the experiences of former Communist countries, including Russia and the erstwhile Soviet republics–the contributors view inflation as a political issue and make a case for the creation of strong political institutions. They argue that although government actions that stimulate inflation tend to have low costs or even benefits in the sort run, they impose heavy costs on the economy in the longer term. Consequently, there is a strong need to develop institutional mechanisms to help ensure that decision makers place appropriate emphasis on the long-run consequences of policy actions.

Other People's Money

Barry Eichengreen,Ricardo Hausmann
Other People s Money Book PDF

Author : Barry Eichengreen,Ricardo Hausmann
Publisher : University of Chicago Press
Page : 305 pages
File Size : 53,5 Mb
Release : 2010-04-15
Category : Business & Economics
ISBN : 9780226194578

Get Book

Other People's Money by Barry Eichengreen,Ricardo Hausmann Pdf

Recent crises in emerging markets have been heavily driven by balance-sheet or net-worth effects. Episodes in countries as far-flung as Indonesia and Argentina have shown that exchange rate adjustments that would normally help to restore balance can be destabilizing, even catastrophic, for countries whose debts are denominated in foreign currencies. Many economists instinctually assume that developing countries allow their foreign debts to be denominated in dollars, yen, or euros because they simply don't know better. Presenting evidence that even emerging markets with strong policies and institutions experience this problem, Other People's Money recognizes that the situation must be attributed to more than ignorance. Instead, the contributors suggest that the problem is linked to the operation of international financial markets, which prevent countries from borrowing in their own currencies. A comprehensive analysis of the sources of this problem and its consequences, Other People's Money takes the study one step further, proposing a solution that would involve having the World Bank and regional development banks themselves borrow and lend in emerging market currencies.

Global Finance in Emerging Market Economies

Todd A. Knoop
Global Finance in Emerging Market Economies Book PDF

Author : Todd A. Knoop
Publisher : Routledge
Page : 330 pages
File Size : 45,6 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780415501217

Get Book

Global Finance in Emerging Market Economies by Todd A. Knoop Pdf

This title focuses on the important characteristics of financial systems in emerging market economies and their differences from those in developed countries. The book surveys both theoretical and empirical research on finance in emerging economies, as well as reviewing numerous case studies.

Inflation in Emerging and Developing Economies

Jongrim Ha,M. Ayhan Kose,Franziska Ohnsorge
Inflation in Emerging and Developing Economies Book PDF

Author : Jongrim Ha,M. Ayhan Kose,Franziska Ohnsorge
Publisher : World Bank Publications
Page : 513 pages
File Size : 51,9 Mb
Release : 2019-02-24
Category : Business & Economics
ISBN : 9781464813764

Get Book

Inflation in Emerging and Developing Economies by Jongrim Ha,M. Ayhan Kose,Franziska Ohnsorge Pdf

This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.

Dynamic Macroeconomic Models in Emerging Market Economies

Daniel Lukui Jia
Dynamic Macroeconomic Models in Emerging Market Economies Book PDF

Author : Daniel Lukui Jia
Publisher : Springer Nature
Page : 286 pages
File Size : 41,6 Mb
Release : 2020-08-26
Category : Business & Economics
ISBN : 9789811545887

Get Book

Dynamic Macroeconomic Models in Emerging Market Economies by Daniel Lukui Jia Pdf

This book summarizes the evolution of modern macroeconomics (New Consensus Macroeconomics, NCM) and proposes a new approach to theoretical and empirical analysis, which is based on a recently developed dynamic stochastic general equilibrium (DSGE) model. Dynamic macroeconomic analysis in emerging market economies is challenging, and of growing importance in the global economy, where emerging markets are becoming more and more influential. Clearly, a deeper understanding of the inner workings of emerging economies, particularly with respect to their socioeconomic structure and the urbanization process, is needed. The book’s extends the NCM/DSGE model to better account for significant economic and social features in emerging market economies. In particular, household heterogeneities and social stratification are explicitly incorporated into the framework proposed here, substantially enhancing the comprehensiveness of the model economy, and allowing it to better account for underlying social structure in emerging economies. Furthermore, financial and housing markets have not been considered sufficiently in either the advanced or emerging economy literature, an oversight this book remedies. As such, it makes an original and valuable contribution to the field, and a direction for future research.

Growth and Development in Emerging Market Economies

Harinder S Kohli
Growth and Development in Emerging Market Economies Book PDF

Author : Harinder S Kohli
Publisher : SAGE Publications Pvt. Limited
Page : 380 pages
File Size : 44,5 Mb
Release : 2008-05-09
Category : Business & Economics
ISBN : UOM:39015082719579

Get Book

Growth and Development in Emerging Market Economies by Harinder S Kohli Pdf

This compilation helps understand the basic forces that are now determining the performance and prospects of emerging market economies (EMEs) around the world. In the past few years, there has been a sharp rise in private capital flows to well performing developing countries, commonly referred to as EMEs. With a drop in net transfers from official sources, the private capital flows in these countries now dwarf official flows. Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalization encapsulates in one volume the understanding of the inter-related topics of global imbalances, finance, investment, trade, and infrastructure. Such assemblage is difficult to find in the existing literature in this field. Many chapters discuss the situations in Asia and Latin America, drawing parallels and pointing out contrasts. The papers in this collection were discussed at the Emerging Markets Forum meeting held in Jakarta, Indonesia in September 2006. The contributors include highly experienced former policy makers and senior officials of multilateral institutions who have lifelong experience in policy formulation at the highest level. The collection would be of value to policy makers in developing countries, officials of multilateral development institutions and researchers and academicians in the field of EMEs.