View metadata

dc.titleInternational Initiatives to Bring Stability to Financial Integration
dc.contributor.authorFernández-Arias, Eduardo
dc.contributor.authorHausmann, Ricardo
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2011-02-04T00:00:00
dc.date.issue1999-03-01T00:00:00
dc.description.abstractFinancial 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.
dc.format.extent24
dc.identifier.doihttp://dx.doi.org/10.18235/0010765
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/International-Initiatives-to-Bring-Stability-to-Financial-Integration.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Management
dc.subjectMonetary Policy
dc.subjectFinancial Crisis and Structural Adjustement
dc.subject.keywordsfinancial architecture;liquidity;WP-402;global lender
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
Return to Publication