Emerging Markets and the Global Economy Book

Emerging Markets and the Global Economy


  • Author : Mohamed El Hedi Arouri
  • Publisher : Academic Press
  • Release Date : 2013-12-26
  • Genre: Business & Economics
  • Pages : 928
  • ISBN 10 : 9780124115637

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Emerging Markets and the Global Economy Excerpt :

Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan Concentrates on post-crisis roles of emerging markets in the global economy Reports on key theoretical and technical developments in emerging financial markets Forecasts future developments in linkages among developed and emerging economies

Emerging Markets and the Global Economy Book

Emerging Markets and the Global Economy


  • Author : Duc Khuong Nguyen
  • Publisher : Academic Press
  • Release Date : 2013-11-01
  • Genre: Business & Economics
  • Pages : 875
  • ISBN 10 : 0124115497

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Emerging Markets and the Global Economy Excerpt :

Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan Concentrates on post-crisis roles of emerging markets in the global economy Reports on key theoretical and technical developments in emerging financial markets Forecasts future developments in linkages among developed and emerging economies

Global Finance in Emerging Market Economies Book

Global Finance in Emerging Market Economies


  • Author : Todd Knoop
  • Publisher : Routledge
  • Release Date : 2013-02-11
  • Genre: Business & Economics
  • Pages : 302
  • ISBN 10 : 9781135082260

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Global Finance in Emerging Market Economies Excerpt :

Emerging market economies have accounted for three quarters of world economic growth and more than half of world output over the last decade. But the energy and ideas inherent in emerging economies cannot generate growth by themselves without resources to support them — and first among these resources is money which is needed to purchase the capital and knowhow that turn ideas and initiative into income. How do emerging economies rich in resources other than money get money? This question encapsulates what emerging market finance is all about, and why finance is absolutely crucial to economic development. In emerging countries, most of the population does not have access to bank accounts or financial markets to save or borrow. The result is that many firms cannot get access to financial resources to grow, while households cannot borrow and save in ways that could reduce the riskiness and poverty of their lives. Even those that do have access to formal finance find that credit is unreliable and expensive. These financial failures limit growth and also increase the frequency of costly financial crises. These issues, and many more like them, mean that finance in emerging economies is different and often more complex than the view presented in most textbooks, where finance is only considered from the perspective of wealthy, developed economies. This book addresses this failure by focusing on the important characteristics of financial systems in emerging market economies and their differences from those in developed countries. This book surveys both theoretical and empirical research on finance in emerging economies, as well as reviewing numerous case studies. The final chapters describe and compare financial systems within the four different regions that encompass most emerging economies: Sub-Saharan Africa, the Middle East, Asia, and South America.

Operating in Emerging Markets Book

Operating in Emerging Markets


  • Author : Luciano Ciravegna
  • Publisher : FT Press
  • Release Date : 2013-08-29
  • Genre: Business & Economics
  • Pages : 352
  • ISBN 10 : 9780132983396

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Operating in Emerging Markets Excerpt :

Master a complete roadmap for emerging market business success and profitability! Emerging markets are generating unprecedented opportunities, but they are far more complex and risky than they may seem. Profiting in these markets entails retooling business models, products, and strategies to exploit these differences, instead of falling victim to them. Too many American, European and Japanese companies continue to operate with a “developed world” mentality that seeks to merely adapt existing products and strategies, while underestimating the unique challenges of managing a business in radically different contexts. Operating in Emerging Markets draws from real-life examples and today’s most valuable research to offer a step-by-step blueprint for improving profitability in emerging markets. Pioneering researchers Dr. Luciano Ciravegna and Dr. Robert Fitzgerald walk you through understanding the true risks and challenges; identifying and investing the right resources; developing the right strategies, products, and processes; and learning from both the successes and failures that have come before you. An indispensable resource for all decision-makers in companies that are (or plan to) operating in emerging markets; and for all graduate business students who may do so in the future. "Publications devoted to rapidly transforming economies are on the rise, but the contribution is often marginal. This new book, Operating in Emerging Markets , authored by Luciano Ciravegna, Robert Fitzgerald, and Sumit Kundu, is an exception. It provides valuable insights into what makes these economies grow and prosper. Most importantly, it responds to the need for practical approaches to tapping emerging markets. Thus it should assist current and future managers in navigating these high-potential but high-risk countries." --S. Tamer Cavusgil, Callaway Professorial Chair and Executive Director, CIBER, J. Mack Robinson College of Business. Georgia State University

Emerging Market Economies and Financial Globalization Book

Emerging Market Economies and Financial Globalization


  • Author : Leonardo E. Stanley
  • Publisher : Anthem Press
  • Release Date : 2018-03-15
  • Genre: Political Science
  • Pages : 243
  • ISBN 10 : 9781783086764

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Emerging Market Economies and Financial Globalization Excerpt :

In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.

The Political Economy of Emerging Markets Book

The Political Economy of Emerging Markets


  • Author : Richard Westra
  • Publisher : Taylor & Francis
  • Release Date : 2017-03-16
  • Genre: Business & Economics
  • Pages : 224
  • ISBN 10 : 9781317309192

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The Political Economy of Emerging Markets Excerpt :

Rapid and sustained growth in the twenty-first-century global economy of large developing economies including Brazil, Russia, India, China, and South Africa, has captivated policy-makers and popular business press pundits alike. The coining of the new acronym BRICS and widespread adoption in international economics discourse of the designation "emerging markets" is symptomatic of that interest. The Political Economy of Emerging Markets situates the BRICS phenomena in the global economic context of advanced economies continuing to languish in recession and hovering over a deflationary abyss several years after the meltdown. A key question this volume seeks to answer is whether the BRICS and so-called "emerging market" phenomenon is really the new miracle it is presented as, offering new or modified varieties of reloaded capitalist development to the world, or yet another mirage. Written by ten leading global experts, this book answers the tough questions over BRICS and emerging markets potentially realizing new varieties of reloaded capitalism. It is not only international and interdisciplinary but uniquely multiperspectival. Theories framing chapters are not of one genre, but generate theoretical debate at the frontier of knowledge in political economy along with nuanced empirical analysis which flows from it. This book is of great importance to those who study political economy, development economics and international political economy.

Handbook of BRICS and Emerging Economies Book

Handbook of BRICS and Emerging Economies


  • Author : P. B. Anand
  • Publisher : Oxford University Press, USA
  • Release Date : 2021-01-16
  • Genre: Business & Economics
  • Pages : 1180
  • ISBN 10 : 9780198827535

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Handbook of BRICS and Emerging Economies Excerpt :

This handbook presents a comprehensive and multi-faceted analysis of the BRICS countries and other emerging economies, exploring their economic, social, environmental, and governance dimensions and challenges.

Emerging Financial Markets in the Global Economy Book

Emerging Financial Markets in the Global Economy


  • Author : Larry Sawers
  • Publisher : World Scientific
  • Release Date : 2000
  • Genre: Business & Economics
  • Pages : 290
  • ISBN 10 : 9810238452

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Emerging Financial Markets in the Global Economy Excerpt :

This collection of papers considers many of the important issues raised by these dramatic changes in emerging financial markets, including: the nature of this systemic risk and how governments can go about reducing it: how to increase the supply of capital that can be invested in development; aspects of foreign direct investment; informal credit markets; the impact of informal finance on development; how lessons learned from microfinance in developing countries can be applied to credit markets in the United States; and how to create institutions that can effectively deal with the problems inherent in lending to poor people in developing countries. The book is intended for policy makers and scholars interested in capital markets in developing and transition economies. It is also suitable for use as a supplementary text in upper level undergraduate courses on development finance.

Emerging Markets Book

Emerging Markets


  • Author : M. Ayhan Kose
  • Publisher : Brookings Institution Press
  • Release Date : 2011-02-01
  • Genre: Business & Economics
  • Pages : 225
  • ISBN 10 : 9780815705659

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Emerging Markets Excerpt :

Emerging market economies (EMEs) have become the darlings of international investors and the focus of enormous attention in academic, media, and policy circles. M. Ayhan Kose and Eswar Prasad present the definitive account of the evolution of EMEs and use the lens of the global financial crisis to evaluate their strengths and weaknesses. Led by a set of large and dynamic countries—including Brazil, China, India, and Russia—EMEs have become a dominant presence in the world economy. They now account for a substantial share of world output and have been a major driver of global growth during the past decade. They are significant players in international trade and financial flows and are beginning to exert rising clout in global policy debates. However, the financial crisis of 2007–09 and the worldwide recession that followed cast a pall over the notion that EMEs had become self-reliant and "decoupled" from demand conditions in and financial flows from advanced countries. Kose and Prasad, prominent experts on emerging market economies and globalization, draw on their extensive research to assess the resilience of EMEs in the face of the global financial crisis. Their analysis shows that EMEs, as a group, weathered the crisis much better than the advanced countries, and most of these economies have bounced back rapidly from the global recession. The authors track down the reasons for this resilience and explain why some countries in this group have done better than others. Based on this analysis, they draw lessons for the durability and sustainability of these economies' long-term growth. This book is important reading for anyone trying to anticipate the future growth of emerging markets or contemplating business opportunities in these economies.

Juggernaut Book

Juggernaut


  • Author : Uri B. Dadush
  • Publisher : Carnegie Endowment
  • Release Date : 2011
  • Genre: Business & Economics
  • Pages : 274
  • ISBN 10 : 9780870032615

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Juggernaut Excerpt :

Against the long sweep of economic history, the current moment is special. Living standards advanced so rapidly and across so many countries over the last decade that it is difficult to think of parallels ?even the deepest recession since the Great Depression did not halt progress. In Juggernaut, Uri Dadush and William Shaw explore the rise of developing countries and how they will reshape the economic landscape. Dadush and Shaw project that the global economy will more than triple over the next forty years and the advance of a large group of developing countries ?home to most of the world's population but seen as supplicants rather than trendsetters less than a generation ago ?will drive this improvement. The authors systematically examine the effects of this seismic shift on the main avenues of globalization ?trade, finance, migration, and the global commons ?and identify the policy options available to leaders in managing the transformation. In the years to come, the rise of emerging economies will likely enhance prosperity but also create great tensions that could slow the process or even stop it in its tracks. Juggernaut calls for leadership by the largest countries in managing these tensions, and underscores the need to cultivate a "global conscience."

From Third World To World Class Book

From Third World To World Class


  • Author : Peter Marber
  • Publisher : Perseus Books
  • Release Date : 1998
  • Genre: Business & Economics
  • Pages : 294
  • ISBN 10 : UCSD:31822025954611

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From Third World To World Class Excerpt :

Blends history, economics, and financial practice in an analysis of global economic integration, and identifies the risks and rewards of investing in emerging markets

Inflation in Emerging and Developing Economies Book

Inflation in Emerging and Developing Economies


  • Author : Jongrim Ha
  • Publisher : World Bank Publications
  • Release Date : 2019-02-24
  • Genre: Business & Economics
  • Pages : 486
  • ISBN 10 : 9781464813764

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Inflation in Emerging and Developing Economies Excerpt :

This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity pric

The Global Emerging Market Book

The Global Emerging Market


  • Author : Vladimir Kvint
  • Publisher : Routledge
  • Release Date : 2010-04-26
  • Genre: Business & Economics
  • Pages : 488
  • ISBN 10 : 9781135859961

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The Global Emerging Market Excerpt :

Despite the growing importance of the global emerging market (GEM) for the world’s business, economies, and politics, it has received a relatively scant amount of academic attention in business and economics courses. This textbook is the first to focus on the GEM and its strategic and economic characteristics. The Global Emerging Market: Strategic Management and Economics describes the fundamental economic base and trends of the global marketplace (GMP) as well as business and management development for the conditions of emerging-market countries (EMCs). Focusing on the formation of a strategic mindset and the decision making process, it explains how to analyze the basic economic factors and the global order, especially in times of crisis. This text also explains how to classify countries related to this new market of tremendous opportunities. Furthermore, the book includes recommendations on how to develop entry and exit strategies for the GEM, work in it and create efficient management systems. Features include: Extensive tables, charts, and graphs illustrating the strategic considerations of the GMP and the GEM End-of-chapter study questions Practical examples based on the author’s involvement in the development of the GEM, from both sides of the international transactions This academic book is the ideal guide for current business leaders and students on how to make strategic, symmetric, and asymmetric time-sensitive decisions related to the GEM.

Emerging Economies and the Global Financial System Book

Emerging Economies and the Global Financial System


  • Author : Bruno Bonizzi
  • Publisher : Routledge
  • Release Date : 2021-05-05
  • Genre: Business & Economics
  • Pages : 290
  • ISBN 10 : 9780429658358

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Emerging Economies and the Global Financial System Excerpt :

This book provides a comprehensive overview of the financial integration of emerging economies through an in-depth analysis of the international monetary system, how it impacts capital flows and exchange rates, and its implications for policy making. The financial integration of emerging economies has been a remarkable development of the past two decades. The growth of cross-border transactions and asset ownership, not least through the accumulation of foreign exchange reserves, has put many of these countries in a more prominent, if still peripheral, position within the global financial system. This has not been a smooth process, as integration has been marked by cyclical waves of capital flows, with financial and currency instability often accompanying the acute phases of these cycles. While conventional economic theory traditionally sees financial integration as a positive development, Post-Keynesian economists, working in the tradition of Keynes, Minsky and Kalecki, have long taken a more sceptical viewpoint. By centring the analysis of financial dynamics on concepts as liquidity, uncertainty, balance-sheet structures and institutions, Post-Keynesian theory highlights the intrinsic character of shocks imposed by financial integration upon emerging economies, and their implications for economic growth and distribution. This book demonstrates that these analyses can be fruitfully used to gain a better understanding of financial (in)stability and economic development in emerging economies as they integrate into the global financial system. This work provides key reading for students and scholars of economics, political economy and finance that are interested in the financial integration of emerging economies, and how the heterodox tradition of Post-Keynesian economics contributes to its analysis.

Globalisation and Emerging Economies Brazil  Russia  India  Indonesia  China and South Africa Book

Globalisation and Emerging Economies Brazil Russia India Indonesia China and South Africa


  • Author : OECD
  • Publisher : OECD Publishing
  • Release Date : 2009-03-19
  • Genre: Uncategoriezed
  • Pages : 454
  • ISBN 10 : 9789264044814

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Globalisation and Emerging Economies Brazil Russia India Indonesia China and South Africa Excerpt :

This book analyses key elements of the trade performance of the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa, in relation to the rest of the world, focusing on trade and other policies influencing that performance. It also presents a separate chapter for each country.