International Initiatives to Bring Stability to Financial Integration
Financial liberalization and integration have generated disappointing results. They were supposed to set up a win-win situation: capital would flow from capital-abundant, low-return, aging industrial countries to capital-scarce, high-return, young emerging countries. Growth in receiving countries would accelerate and both giver and receiver would be happier, while everyone's diversification opportunities improved. As a bonus, emerging market policymakers would be disciplined by losing access to a captive local financial market.
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| Format: | Working Papers biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Financial Management, Monetary Policy, Financial Crisis and Structural Adjustement, financial architecture;liquidity;WP-402;global lender, |
| Online Access: | http://dx.doi.org/10.18235/0010765 https://publications.iadb.org/en/international-initiatives-bring-stability-financial-integration |
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