European University Institute Library

The inexorable evolution of financialisation, financial crises in emerging markets, Domna Michailidou, Teaching Fellow, School of Public Policy, University College London, UK

eng

no index present

non fiction

The inexorable evolution of financialisation

951147575

Domna Michailidou, Teaching Fellow, School of Public Policy, University College London, UK

financial crises in emerging markets

"Since the 2007 financial crisis, discussion on issues related to the size, spread and frequency of financial crises has captivated a wide variety of audiences. Why has the world economy experienced such an increase in financial transactions and private and public indebtedness since the 1980s? How have middle-income developing countries suddenly become a part of this dynamic? And, most importantly, how has the topic of financial crises been featured in households' daily discussions in both developed and developing parts of the world? Domna Michailidou addresses the questions above through exploring the inexorable evolution of financialisation into financial crisis through the examination of three countries: Mexico, Brazil and South Korea. Concentrating on emerging economies, and especially choosing three very different economies that all experienced financial crises in the 1990s, this book explores what lessons can be learnt regarding financial fragility, volatility and failure in the wake of capital market liberalisation. "--, Provided by publisher

List of Figures -- List of Tables -- Foreword, by G. C. Harcourt -- Preface -- Acknowledgements -- 1. Introduction. Financial Crises: An inter-temporal, inter-national and endogenous capitalist problem -- 2. A Keynesian and post-Keynesian theoretical brief: Selected concepts -- 3. Post 1980 global liquidity data: Exponential flows -- 4. Supply-push: The Western induced endogenous generation and proliferation of liquidity -- 5. Demand-pull: The internally induced attractiveness of emerging markets? -- 6. Mexico: The Laissez Faire paragon gone wrong? -- 7. Brazil: The anti-Mexican public debt failure -- 8. South Korea: The private debt story? -- 9. Deregulation and volatility: Where the three economies meet -- 10. An endogenous conclusion -- Index