Abstract
Emerging markets is a buzzword in financial economics. However, just exactly what is included in the definition often varies depending on the selection criteria applied. For the purposes of this volume the definition is purposely left broad, with no ambition to develop a generic emerging economy profile. Instead, this study includes contributions on economies conventionally identified as emerging (e.g., most of Latin America and some of Eastern Europe) and those with a developing-country profile (e.g., parts of Sub-Saharan Africa and Asia). This chapter goes over some recent macroeconomic trends in emerging markets. A “redefined fundamental uncertainty” is suggested as a peculiar characteristic of the post-crisis global financial economy. Some general risks, opportunities, and future outlook across the many country sub-groups paving the way to and introducing subsequent chapters are discussed as well. The chapter also introduces the volume with a brief synopsis of each chapter contribution.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Canuto, O. 2010. Recoupling or Switchover? Developing Countries in the Global Economy. In The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World, ed. O. Canuto and M. Giugale, 31–49. Washington, D.C.: The World Bank.
Canuto, O. 2011. Risky Growth Engines. Project Syndicate. http://www.project-syndicate.org/commentary/risky-growth-engines. Accessed 15 October 2015.
Canuto, O. 2013a. Currency War and Peace. Project Syndicate. http://www.project-syndicate.org/commentary/the-need-for-investment-in-long-term-productive-assets-by-otaviano-canuto. Accessed 5 November 2015.
Canuto, O. 2013b. Emerging Markets and the Unwinding of Quantitative Easing. Capital Finance International, Autumn. http://cfi.co/africa/2013/10/otaviano-canuto-world-bank-group-emerging-markets-and-the-unwinding-of-quantitative-easing/. Accessed 5 November 2015.
Canuto, O. 2014. China and Emerging Markets: Riding Wild Horses. HuffingtonPost the Blog. http://www.huffingtonpost.com/otaviano-canuto/china-and-emerging-market_b_4720097.html. Accessed 5 October 2015.
Canuto, O. 2015. The High Density of Brazilian Production Chains. HuffingtonPost the Blog. http://www.huffingtonpost.com/otaviano-canuto/the-high-density-of-brazi_b_6152340.html. Accessed 1 October 2015.
Gevorkyan, A.V. 2011. Innovative Fiscal Policy and Economic Development in Transition Economies. Oxford: Routledge.
Gevorkyan, A.V. 2015. The Legends of the Caucasus: Economic Transformation of Armenia and Georgia. International Business Review 24(6): 1009–1024.
Gevorkyan, A.V., and A.V. Gevorkyan. 2012a. Redefined Fundamental Uncertainty, Fiscal Rules, Fiscal Net, Fiscal Sustainability and Emerging Markets Scenarios. Aestimatio, the IEB International Journal of Finance 5: 126–161.
Gevorkyan, A.V., and A. Gevorkyan. 2012b. Derivatives, Commodities, and Social Costs: Exploring Correlation in Economic Uncertainty. In Derivative Securities Pricing and Modelling, Contemporary Studies in Economic and Financial Analysis, Vol. 94, ed. J.A. Batten and N. Wagner, 47–70. Bradford: Emerald Group Ltd.
Gevorkyan, A.V. and I.H. Kvangraven. Forthcoming 2016. Assessing Recent Determinants of Borrowing Costs in Sub-Saharan Africa. Review of Development Economics.
Hausmann, R. 2013. The End of the Emerging-Market Party. Project Syndicate 2013. http://www.project-syndicate.org/commentary/the-reversal-of-nominal-gdp-growth-in-emerging-countries-by-ricardo-hausmann. Accessed 5 September 2015
Jimenez, G., and J. Saurina. 2006. Credit Cycles, Credit Risk, and Prudential Regulation. International Journal of Central Banking 2: 65–98.
MSCI. MSCI Emerging Markets Index. https://www.msci.com/emerging-markets. Accessed 1 August 2015.
World Bank World Development Indicators. World Development Indicators—Online Database. http://data.worldbank.org/products/wdi. Accessed 1 October 2015.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Appendix
Appendix
Copyright information
© 2016 The Editor(s) (if applicable) and The Author(s)
About this chapter
Cite this chapter
Gevorkyan, A.V., Canuto, O. (2016). Emerging Markets and the Post-2008 World. In: Gevorkyan, A., Canuto, O. (eds) Financial Deepening and Post-Crisis Development in Emerging Markets. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-52246-7_1
Download citation
DOI: https://doi.org/10.1057/978-1-137-52246-7_1
Published:
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-137-52245-0
Online ISBN: 978-1-137-52246-7
eBook Packages: Business and ManagementBusiness and Management (R0)