Financial turmoil and the lessons from the emerging world

dc.contributor.authorFanelli, José María
dc.date.accessioned2011-04-12T18:35:20Z
dc.date.available2011-04-12T18:35:20Z
dc.date.issued2008
dc.description.abstractOne particularly negative effect of economic crises is the destruction of institutions, making it very difficult to re-build a regulatory infrastructure under volatile conditions. This 2-page article reviews some fundamental macroeconomic themes during economic crises as they apply to emerging countries, and in this case the sub-prime crisis. Reform of international financial architecture is required in order to restrict cyclical bubbles with boom-and-bust economic effects. Feedback effects between volatility and institutions will continue to haunt developing countries. The current crisis strongly indicates that the post-2001 global growth dynamics had been unsustainable.en
dc.format.extent1 digital file (2 p.)en
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10625/45958
dc.language.isoen
dc.publisherIDRC, Ottawa, ON, CAen
dc.subjectECONOMIC RECESSIONen
dc.subjectMACROECONOMICSen
dc.subjectECONOMIC GROWTHen
dc.subjectMONETARY POLICYen
dc.subjectEMERGING ECONOMIESen
dc.subjectFINANCIAL MARKETen
dc.subjectFINANCIAL REGULATIONen
dc.subjectECONOMIC CRISISen
dc.subjectGLOBALIZATIONen
dc.subjectIMFen
dc.subjectARGENTINAen
dc.subjectCANADAen
dc.subjectGLOBAL SOUTHen
dc.titleFinancial turmoil and the lessons from the emerging worlden
dc.typeIDRC-Related Reporten
idrc.copyright.oapermissionsourceIDRC is copyright holderen
idrc.dspace.accessOpen Accessen
idrc.project.number102210
idrc.project.titleInternational Financial Architecture, Macro Volatility and National Financial Institutions: the Developing World Experienceen
idrc.rims.adhocgroupIDRC DOCUMENTen

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