Lessons of the Crisis for Emerging Markets
Eichengreen, Barry | December 2009
Abstract
This paper attempts to draw out the implication of the financial crisis for emerging markets. The most important implications will center on financial markets, where there will be less reliance on portfolio capital flows to finance investment and some deglobalization of banking so that the domain of bank operations more closely coincides with the domain of regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international monetary system will be more limited.
Citation
Eichengreen, Barry. 2009. Lessons of the Crisis for Emerging Markets. © Asian Development Bank. http://hdl.handle.net/11540/3767. License: CC BY 3.0 IGO.Keywords
Financial Stability
Financial Management System
Financial Restructuring
Capital Market Development
Erosion
Market Development
Economics
Erosion
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