Financial Globalization and Democracy in Emerging Markets
Book Details
Format
Paperback / Softback
Book Series
International Political Economy Series
ISBN-10
0333930673
ISBN-13
9780333930670
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 13th, 1999
Print length
348 Pages
Product Classification:
MacroeconomicsInternational financeDevelopment economics & emerging economiesPolitical economy
Ksh 7,200.00
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In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the usually reticent Chairman of the US Federal Reserve Bank, noted that such 'vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system'.
When Mexico''s peso crisis occurred in December 1994, all of Latin America experienced the "tequila effect." In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the normally reticent Chairman of the US Federal Reserve Bank, noted that such "vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system." Financial Globalization and Democracy in Emerging Markets examines the impact of the new, highly liquid, portfolio capital flows on governments, opposition politicians, business, and labor in such emerging market countries as Mexico, Brazil, Russia, India, Vietnam, Thailand, and Indonesia.
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