Financial stability and growth : perspectives on financial regulation and new developmentalism
Title By: Pereira, Luiz Carlos Bresser [Edited by] | Kregel, Jan [Edited by] | Burlamaqui, Leonardo [Edited by]
Material type: BookSeries: Routledge studies in development economics ; 108.Description: xviii, 341 p. : ill. ; 24 cm.ISBN: 9780415724524Subject(s): Financial crises | Finance | Economic developmentDDC classification: 332 Online resources: Location MapItem type | Home library | Call number | Status | Date due | Barcode | Item holds |
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REGULAR | University of Wollongong in Dubai Main Collection | 332 FI NA (Browse shelf) | Available | T0034027 |
, Shelving location: Main Collection Close shelf browser
332 EI HO How global currencies work : | 332 FA FI Financial economics / | 332 FI NA Financial crises in emerging markets / | 332 FI NA Financial stability and growth : | 332 GR DE Debt : | 332 HA FI Finance for executives : | 332 HA IN The International Bank of Bob : |
Includes bibliographical references and index.
The 2008 global financial crisis took the world by surprise, not least because politicians, businessmen and economists believed that they had learned crucial lessons from the Great Depression of the 1930s. As a direct result of deregulated financial markets, financial crises occurred in both developed and developing economies. However, this volume argues that in the most recent crisis developing countries suffered less, and that financial policy and regulation played a crucial part in this. The contributors to this volume explore the alternative development paradigm that has been gaining credence since the Asian crisis, known as new developmentalism. New developmentalism is embodied in the following principles: exchange rate responsibility or growth with domestic savings, fiscal responsibility, and the assignment of a strategic role for the state. New developmentalism is a set of values, ideas, institutions and economic policies through which, in the early 21st century, developing countries have sought to catch up with developed countries. This book examines the global financial crisis, the financial regulatory problem, with particular emphasis on Brazil, and the alternative policies that derive from new developmentalism. This volume will be of interest to scholars and policymakers working in the areas of globalization, financial regulation and development studies.