The Crisis in Emerging Financial Markets: A World Bank Group-Brookings Conference Report
www.brookings.edu
Weak financial systems were the heart of the problem. When finance functions well, savings are channeled to socially productive investments. In emerging markets, banks play a dominant role in this intermediation process. In recent years, however, capital markets have become increasingly important, e
1 Users
0 Comments
2 Highlights
0 Notes
Top Highlights
- Weak financial systems were the heart of the problem. When finance functions well, savings are channeled to socially productive investments. In emerging markets, banks play a dominant role in this intermediation process. In recent years, however, capital markets have become increasingly important, especially as local governments relaxed restriction...
- Capital controls are designed to insulate countries from the rough and tumble of global capital markets. But Wilcox argued against containing either inflows or outflows of capital. Adler and Sebastian Edwards added that capital controls are too easily circumvented, especially in times of crisis. David Folkerts-Landau agreed, but nonetheless suggest...
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.