Financial openness, financial fragility and policies for economic stability: a comparative analysis across regions of the developing world

This book presents a comparative analysis of the policy responses of developing countries in Africa, Asia and Latin America and the Caribbean to the challenges that greater external financial openness and price and exchange-rate flexibility pose to economic stability. Greater external openness has significantly narrowed developing economies’ policy space, while at the same time increasing the potential for financial fragility and instability. These challenges, which have come to the fore since the global financial crisis of 2008–2009, are also manifest in the profound impact of the COVID-19 pandemic and will shape the post-pandemic recovery. The book examines how different countries have used capital controls and macroprudential tools and highlights key lessons learned.

Bibliographic Details

Main Author:	Pérez Caldentey, Esteban
Other Authors:	Cuenta de las Naciones Unidas para el Desarrollo
Format:	Texto biblioteca
Language:	English
Published:	ECLAC 2023-01-12
Subjects:	MACROECONOMIA, POLITICA ECONOMICA, ESTABILIZACION ECONOMICA, CONDICIONES ECONOMICAS, COVID-19, VIRUS, PANDEMIAS, MOVIMIENTOS DE CAPITAL, REGULACION ECONOMICA, DESARROLLO ECONOMICO, ASPECTOS FINANCIEROS, INSTITUCIONES FINANCIERAS, MACROECONOMICS, ECONOMIC POLICY, ECONOMIC STABILIZATION, ECONOMIC CONDITIONS, VIRUSES, PANDEMICS, CAPITAL MOVEMENTS, ECONOMIC REGULATION, ECONOMIC DEVELOPMENT, FINANCIAL ASPECTS, FINANCIAL INSTITUTIONS,
Online Access:	https://hdl.handle.net/11362/48659
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