Financial Stability and Growth by Luiz Carlos Bresser-Pereira... - 9780367178802

Taylor & Francis

Financial Stability and GrowthPerspectives on financial regulation and new developmentalism\nAuthor(s): Luiz Carlos Bresser-Pereira, Jan Kregel, Leonardo Burlamaqui\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367178802, 978-0367178802\nSynopsis\nThe 2008 global financial crisis took the world by surprise, not least because politicians, businessmen and economists believed that they had learned crucial lessons from the Great Depression of the 1930s. As a direct result of deregulated financial markets, financial crises occurred in both developed and developing economies. However, this volume argues that in the most recent crisis developing countries suffered less, and that financial policy and regulation played a crucial part in this.\n\nThe contributors to this volume explore the alternative development paradigm that has been gaining credence since the Asian crisis, known as new developmentalism. New developmentalism is embo.