Arbeitspapier

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.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 402

Classification
Wirtschaft
Subject
Marktintegration
Internationales Währungssystem
Internationale Zusammenarbeit
Theorie
Finanzkrise

Event
Geistige Schöpfung
(who)
Fernández-Arias, Eduardo
Hausmann, Ricardo
Event
Veröffentlichung
(who)
Inter-American Development Bank, Office of the Chief Economist
(where)
Washington, DC
(when)
1999

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Fernández-Arias, Eduardo
  • Hausmann, Ricardo
  • Inter-American Development Bank, Office of the Chief Economist

Time of origin

  • 1999

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