The Inexorable Evolution of Financialisation

Financial Crises in Emerging Markets

  • Domna M. Michailidou

Table of contents

  1. Front Matter
    Pages i-xv
  2. Domna M. Michailidou
    Pages 38-46
  3. Domna M. Michailidou
    Pages 64-83
  4. Domna M. Michailidou
    Pages 84-104
  5. Domna M. Michailidou
    Pages 105-120
  6. Domna M. Michailidou
    Pages 152-168
  7. Back Matter
    Pages 169-200

About this book

Introduction

Since the 2007 financial crisis, discussion on issues related to the size, spread and frequency of financial crises has captivated a wide variety of audiences. Why has the world economy experienced such a marked increase in financial transactions and private and public indebtedness since the 1980s? How have middle-income developing countries suddenly become a part of this dynamic? And, most importantly, how has the topic of financial crises been featured in households’ daily discussions in both developed and developing parts of the world?

Domna Michailidou addresses the questions above through exploring the inexorable evolution of financialisation into financial crisis through the examination of three middle-income countries: Mexico, Brazil and South Korea. Concentrating on emerging economies, and especially choosing three very different economies that all experienced financial crises in the 1990s, this book explores what lessons can be learnt regarding financial fragility, volatility and failure in the wake of capital market liberalisation.

Keywords

Financial crises financialisation capital flows capital account liberalisation emerging economies public debt private debt manias panics and crashes financial instability financial volatility Keynesian economics Post-Keynesian economic theory South Korea Mexico Brazil Keynes

Authors and affiliations

  • Domna M. Michailidou
    • 1
    • 2
  1. 1.Department of Country StudiesOECDParisFrance
  2. 2.Judge Business SchoolUniversity of CambridgeUK

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-137-55364-5
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-349-57594-7
  • Online ISBN 978-1-137-55364-5
  • About this book