Financialisation in Emerging Economies

Name: Financialisation in Emerging Economies
Brand: Taylor & Francis

Taylor & Francis

Financialisation in Emerging EconomiesChanges in Central Banking\nAuthor(s): Juan Pablo Painceira\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138947115, 978-1138947115\nSynopsis\nSince the beginning of the 2000s, emerging market economies, or middle-income countries, have embarked on major changes in their domestic financial systems. These changes in which central banks have been key players are shaped by the process of financialisation, which can generally be characterised by the dominance of financial considerations in the conduct of major agents (banks, non-financial corporations and households). As a consequence of the emerging markets crisis at the end of the 1990s, a new phenomenon in global financial markets emerged: a massive accumulation of foreign reserves in emerging economies. This has had important consequences for the global economy in which developed economies are the major beneficiaries.\n\nBased on Marxis.