Complexities of Financial Globalisation: Analytical and Policy Issues in Emerging and Developing Economies

This book provides a comprehensive empirical analysis of the complex interactions between financial sector development, macroeconomic and financial stability in EMDEs, particularly in the Asian region. It explores monetary and exchange rate policies, financial inclusion, and foreign direct investment flows, addressing important economic policy issues.

Format: Paperback / softback
Length: 330 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

Since the 1990s, a significant number of emerging market and developing economies (EMDEs) have, to varying degrees, embraced the process of financial globalisation, which is broadly defined as a set of policies that promote greater openness to cross-border capital flows and greater market access to foreign financial institutions. This comprehensive book offers a systematic empirical analysis of the intricate relationships between financial sector development, macroeconomic stability, and financial stability in EMDEs, particularly in the Asian region.

The book is structured into three sections:

Monetary and Exchange Rate Policies under Financial Globalisation: This section delves into the monetary and exchange rate policies implemented by EMDEs in response to the challenges of financial globalisation. It examines the impact of these policies on macroeconomic stability, inflation, and exchange rate dynamics.

Financial Inclusion and Macroeconomic Policies in the Context of Financial Liberalisation: Recognising the importance of financial inclusion in promoting economic growth and reducing poverty, this section explores the policies and strategies adopted by EMDEs to promote financial access and inclusion. It examines the link between financial inclusion, macroeconomic stability, and poverty reduction.

Dynamics of Foreign Direct Investment Flows and Their Real Impacts in EMDEs: This section examines the patterns and trends of foreign direct investment (FDI) flows into EMDEs and investigates their real impacts on economic development, employment, and productivity. It explores the factors that influence FDI flows and the challenges and opportunities they present for EMDEs.

Each chapter in the book provides a detailed analysis of important economic policy issues of contemporary relevance, drawing upon data and rigorous empirical analysis. The book is designed to be accessible to a wide range of readers, including scholars, policymakers, and practitioners interested in exploring the implications of financial globalisation on EMDEs in a rigorous but readable manner.

The book will be of particular interest to those seeking to understand the challenges and opportunities associated with financial globalisation in the Asian region, as well as those interested in developing a deeper understanding of the complex relationships between financial sector development, macroeconomic stability, and financial stability in EMDEs more broadly.

Weight: 607g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367492175