Detail Capital Flows and The Financial Crisis in Mexico   Oleh:  Carstens, Agustin ; Schwartz, Moises J. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Asian Economics vol. 9 no. 2 (1998), page 207-226. Topik: capital flows; capital flows; financial crisis Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ50.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Emerging markets crises under the new context of global financial markets can not be understood without analyzing the challenges that capital flows impose onto recipient countries. Although capital inflows to emerging markets can provide much - needed financing to increase investment and enhance economic growth, the inappropriate management of these flows can also be associated with undesirable dynamics. Aside from the macroeconomic consequences of large capital inflows, extensively covered in the economic literature, such flows convey great challenges to domestic financial systems. The Mexican experience related to capital inflows in the 1990s can shed some light about the need emerging markets have to upgrade their financial regulatory framework in order to develop a solid financial system capable of handling highly volatile capital flows with sudden and unanticipated swings. At the microeconomic level this is particularly important, since capital inflows increase the availability of financial resources for institutions to intermediate, which could cause an increase in asymmetric information problems, thus increasing the likelihood of a financial crisis. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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