How the full opening of the capital account to highly liquid financial markets led Latin America to two and a half cycles of ‘mania, panic and crash’
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References listed on IDEAS
- Stiglitz, Joseph E., 2000. "Capital Market Liberalization, Economic Growth, and Instability," World Development, Elsevier, vol. 28(6), pages 1075-1086, June.
- Raghuram G. Rajan, 2005. "Has financial development made the world riskier?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, issue Aug, pages 313-369.
- Carlota Perez, 2002. "Technological Revolutions and Financial Capital," Books, Edward Elgar Publishing, number 2640.
- McKinnon, Ronald I & Pill, Huw, 1997. "Credible Economic Liberalizations and Overborrowing," American Economic Review, American Economic Association, vol. 87(2), pages 189-193, May.
- Geoff Harcourt, 2011. "The Crisis in Mainstream Economics," Discussion Papers 2011-12, School of Economics, The University of New South Wales.
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- repec:eee:riibaf:v:42:y:2017:i:c:p:429-441 is not listed on IDEAS
- Nina Dodig & Hansjorg Herr, 2014.
"Previous financial crises leading to stagnation – selected case studies,"
wpaper24, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
- Dodig, Nina & Herr, Hansjörg, 2014. "Previous financial crises leading to stagnation: Selected case studies," IPE Working Papers 33/2014, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
More about this item
KeywordsCauses of financial crisis; Latin America; East Asia; Financial liberalisation; Neo-liberal economic reforms; Systemic market failure; Keynes; Minsky; and Kindleberger;
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- N2 - Economic History - - Financial Markets and Institutions
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-10 (All new papers)
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