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Mobile Capital and Latin American Development

2010-11-01 Business & Economics
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Release : 2010-11-01
Genre : Business & Economics
Kind : eBook
Book Rating : 060/5 ( reviews)

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Book Synopsis Mobile Capital and Latin American Development by : James E. Mahon

Download or read book Mobile Capital and Latin American Development written by James E. Mahon. This book was released on 2010-11-01. Available in PDF, EPUB and Kindle. Book excerpt: Particularly timely in light of the recent Mexican peso crisis, Mobile Capital and Latin American Development examines the causes, consequences, and implications of the Latin American capital flight of the 1980s. It addresses the increasingly mobile and privatized nature of international capital and its power to shape economic policy in those countries. Through a comparison of the policy experiences of Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela, James E. Mahon finds that those countries that suffered the most capital flight had previously faced fewer structural trade problems and had not reoriented their exchange policies to diversify exports and deal with exchange-market instability. Since the countries that stumbled worst into capital flight before the debt crisis were later among the most aggressive neoliberal reformers, Mahon discusses the ways in which overseas capital served as a kind of pressure for free-market reform. Finally, the idea that internationally mobile capital now can operate as a kind of senate--an arm of the wealthy few, guarding the established order against the arbitrary, dangerous tendencies of the executive and popular chamber--is examined with relation to theories of dependency and the institutionalization of democracy.

The Economic Development of Latin America Since Independence

2012-10-25 Business & Economics
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Release : 2012-10-25
Genre : Business & Economics
Kind : eBook
Book Rating : 142/5 ( reviews)

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Book Synopsis The Economic Development of Latin America Since Independence by : Luis Bértola

Download or read book The Economic Development of Latin America Since Independence written by Luis Bértola. This book was released on 2012-10-25. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and accessible overview of the economic history of Latin America over the two centuries since Independence. It considers its principal problems and the main policy trends and covers external trade, economic growth, and inequality.

Volatile Capital Flows

1996 Capital market
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Release : 1996
Genre : Capital market
Kind : eBook
Book Rating : 040/5 ( reviews)

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Book Synopsis Volatile Capital Flows by : Ricardo Hausmann

Download or read book Volatile Capital Flows written by Ricardo Hausmann. This book was released on 1996. Available in PDF, EPUB and Kindle. Book excerpt:

Focus on Capital

2003 Business & Economics
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Release : 2003
Genre : Business & Economics
Kind : eBook
Book Rating : 490/5 ( reviews)

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Book Synopsis Focus on Capital by : Kenroy Dowers

Download or read book Focus on Capital written by Kenroy Dowers. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: Local capital market development responds to the need to reduce the risk of financial crises that result from an excessive reliance on external borrowing -- for example, to avoid foreign exchange risk, reduce contagion, and decrease short-term external borrowing. In fact, as financial crises dwarf the role of financial intermediation, the problems of asymmetric information become even more severe, leading to greater public mistrust of financial institutions. The contributors in Focus on Capital tackle various aspects of developing Latin American capital markets. Macroeconomic and structural policies, accounting practices and standards, bond market development, market infrastructure, derivatives markets, corporate governance, ethics, human capital, and regional integration all play a role. One of the shortcomings of many strategies for capital market development -- more important than getting the sequencing wrong -- is failing to understand the links between the various components and the need for an overall strategy as well as plans for each component. Focus on Capital analyzes the status of the markets in Latin America and identifies the technical, political, and financial challenges to building vibrant capital markets and increasing the efficiency benefits of regional economic and financial integration.

Emerging Capital Markets and Globalization

2006-10-20 Business & Economics
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Release : 2006-10-20
Genre : Business & Economics
Kind : eBook
Book Rating : 444/5 ( reviews)

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Book Synopsis Emerging Capital Markets and Globalization by : Augusto de la Torre

Download or read book Emerging Capital Markets and Globalization written by Augusto de la Torre. This book was released on 2006-10-20. Available in PDF, EPUB and Kindle. Book excerpt: Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.

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