The Henry L. Stimson Lectures Ser.: Financial Crises in Emerging Markets : An Essay on Financial Globalisation and Fragility by Alexandre Lamfalussy (2000, Hardcover)
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FINANCIAL CRISES IN EMERGING MARKETS: AN ESSAY ON FINANCIAL GLOBALISATION AND FRAGILITY (THE HENRY L. STIMSON LECTURES SERIES) By Alexandre Lamfalussy - Hardcover **BRAND NEW**.
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About this product
Product Identifiers
PublisherYale University Press
ISBN-100300082304
ISBN-139780300082302
eBay Product ID (ePID)1691053
Product Key Features
Number of Pages224 Pages
LanguageEnglish
Publication NameFinancial Crises in Emerging Markets : an Essay on Financial Globalisation and Fragility
SubjectEconomic History, Finance / General, Economics / General
Publication Year2000
TypeTextbook
Subject AreaBusiness & Economics
AuthorAlexandre Lamfalussy
SeriesThe Henry L. Stimson Lectures Ser.
FormatHardcover
Dimensions
Item Height0.8 in
Item Weight15.2 Oz
Item Length8.8 in
Item Width5.4 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN99-059157
Dewey Edition21
IllustratedYes
Dewey Decimal332
SynopsisIn this book an eminent international banking expert grapples with issues that surround the trend toward financial globalization and its potential impact on financial fragility. Does globalization entail the risk of greater financial market instability--perhaps even genuine systemic fragility--or will it lead to a smoother working of markets? How should governments, central banks, and international institutions respond to manifestations of financial fragility? Alexandre Lamfalussy analyzes four major crisis experiences in emerging markets: Latin America in 1982-83, Mexico in 1994-95, East Asia in 1997-98, and Russia since 1998. The author finds that the build-up of short-term indebtedness and asset price bubbles were at the heart of the four crises. And in each case the exuberant behavior of lenders and investors from the developed world played a major role, while financial globalization was an aggravating factor. Lamfalussy offers a series of carefully considered policy recommendations for the future that are both pragmatic and wise.