ENGLISH

Economic Management in a Volatile Environment: Monetary and Financial Issues

By Ramkishen S. Rajan , Sasidaran Gopalan

Book information

Publisher
Palgrave Macmillan
Year
2014
ISBN
113737151X, 9781137371515
Google Books ID
MbwaBgAAQBAJ
Language
english
Format
PDF
Filesize
4 MB (3950966 bytes)
Pages
xx+284\305
Topic
Economy
Orientation
yes
Paginated
yes
Scanned
portrait
Time added
2015-02-15 13:23:06

Description

Since the 1990s, several emerging market economies (EMEs) have, to varying degrees, embraced the process of 'financial globalisation', broadly defined as a set of policies that involve allowing for greater openness to cross-border capital flows as well as greater market access to foreign financial institutions. While the EMEs have surpassed the advanced economies in 2013 by accounting for over half of global output, they are not without their concerns. They have been faced with a variety of policy challenges owing to their increasing integration with global financial markets. This book discusses some of the challenges relating to macroeconomic and financial management in a volatile and uncertain world, brought about by greater financial openness. The emphasis of the book is on exploring the implications of a key set of issues emanating from financial globalisation on EMEs in a rigorous but readable manner.

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