International Financial Contagion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Financial Contagion write by Stijn Claessens. This book was released on 2013-04-17. International Financial Contagion available in PDF, EPUB and Kindle. No sooner had the Asian crisis broken out in 1997 than the witch-hunt started. With great indignation every Asian economy pointed fingers. They were innocent bystanders. The fundamental reason for the crisis was this or that - most prominently contagion - but also the decline in exports of the new commodities (high-tech goods), the steep rise of the dollar, speculators, etc. The prominent question, of course, is whether contagion could really have been the key factor and, if so, what are the channels and mechanisms through which it operated in such a powerful manner. The question is obvious because until 1997, Asia's economies were generally believed to be immensely successful, stable and well managed. This question is of great importance not only in understanding just what happened, but also in shaping policies. In a world of pure contagion, i.e. when innocent bystanders are caught up and trampled by events not of their making and when consequences go far beyond ordinary international shocks, countries will need to look for better protective policies in the future. In such a world, the international financial system will need to change in order to offer better preventive and reactive policy measures to help avoid, or at least contain, financial crises.
International Contagion
International Contagion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Contagion write by Roberto Chang. This book was released on 2000. International Contagion available in PDF, EPUB and Kindle. What can the international community do to prevent financial contagion?
Global Financial Contagion
Global Financial Contagion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Financial Contagion write by Shalendra D. Sharma. This book was released on 2014. Global Financial Contagion available in PDF, EPUB and Kindle. This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the Great Recession, and why the contagion spread with such ferocity around the globe. It also examines how and why economies - including the Eurozone, Russia, China, India, East Asia, and the Middle East - have been impacted and explores their response to the unprecedented challenges of the crisis and the effectiveness of their policy measures. Global Financial Contagion specifically looks at how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a never-ending saga, and why the G-20's efforts to create a new international financial architecture may fall short. This book will long be regarded as the standard account of the crisis and its aftermath.
Contagious
Contagious - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Contagious write by Priscilla Wald. This book was released on 2008-01-09. Contagious available in PDF, EPUB and Kindle. DIVShows how narratives of contagion structure communities of belonging and how the lessons of these narratives are incorporated into sociological theories of cultural transmission and community formation./div
International Contagion
International Contagion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Contagion write by Giovanni Majnoni. This book was released on 2016. International Contagion available in PDF, EPUB and Kindle. What can the international community do to prevent financial contagion?Chang and Majnoni try to identify and evaluate the public policy implications of financial contagion on the basis of a very simple model of financial crises. In this model, financial contagion can be driven by a combination of fundamentals and by self-fulfilling market expectations.The model allows the authors to identify different notions of contagion, especially the distinction between monsoonal effects, spillovers, and switchers between equilibria.They discuss both domestic and international policy options.Domestic policies, they say, should be aimed at reducing financial fragility - that is, reducing unnecessary short-term debt commitments. With explicit commitments, the maturity of external debts should be lengthened. With implicit commitments, such as private liability guarantees, they emphasize limiting or eliminating such guarantees, to improve an economy's international liquidity and reduce its exposure to contagion.Internationally, they stress the need for improving financial standards, which makes it easier to assess when a country is subject to different kinds of contagion. The effectiveness of international rescue packages depends on the kind of contagion to which a country is exposed.Implications: The international community should help those countries that are already helping themselves.This paper - a product of the Financial Sector Strategy and Policy Group -is part of a larger effort in the group to study the determinants and policy implications of international financial contagion. The author Giovanni Majnoni may be contacted at [email protected].
