Upload resources

Upload your works to SEDICI to increase its visibility and improve its impact

 

Show simple item record

dc.date.accessioned 2010-06-16T14:48:48Z
dc.date.available 2010-06-16T03:00:00Z
dc.date.issued 2002
dc.identifier.uri http://sedici.unlp.edu.ar/handle/10915/3782
dc.description.abstract This paper focuses on capital flow volatility in Emerging Market Economies, EMs. Capital inflows rose to unprecedented heights in the first part of the 1990s, and collapsed very rapidly in the second. Volatility could partly be explained by financial vulnerability in the EMs themselves, but the global nature of the phenomenon raises the suspicion that there are systemic problems largely independent of each individual country. The paper puts forward the conjecture that phenomena like contagion could stem from the way the capital market operates (e.g., crises generated by “margin calls”). These systemic phenomena require systemic instruments. Unfortunately, few are available. The IMF is more a Fire Department than a Central Bank. Liquidity is sprayed where fire is found, not on the whole system like a Central Bank does when there is a liquidity crisis. en
dc.language en es
dc.subject globalización es
dc.subject mercado internacional es
dc.title Globalization hazard and delayed reform in emerging markets en
dc.type Objeto de conferencia es
sedici.identifier.uri http://www.depeco.econo.unlp.edu.ar/jemi/2002/trabajo2.pdf es
sedici.creator.person Calvo, Guillermo A. es
sedici.subject.materias Ciencias Económicas es
sedici.description.fulltext true es
mods.originInfo.place Departamento de Economía es
sedici.subtype Objeto de conferencia es
sedici.rights.license Creative Commons Attribution 3.0 Unported (CC BY 3.0)
sedici.rights.uri http://creativecommons.org/licenses/by/3.0/
sedici.date.exposure 2002-05
sedici.relation.event VII Jornadas de Economía Monetaria e Internacional (La Plata, 2002) es
sedici.description.peerReview peer-review es
sedici2003.identifier ARG-UNLP-DIS-0000001694 es


Download Files

This item appears in the following Collection(s)

Creative Commons Attribution 3.0 Unported (CC BY 3.0) Except where otherwise noted, this item's license is described as Creative Commons Attribution 3.0 Unported (CC BY 3.0)