Title The financial crisis and the global south : a development perspective / Yilmaz Akyüz

Published London : PlutoPress in association with South Centre, 2013, ©2012

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Description 1 online resource (xvii, 190 pages) Contents Intro; Title page; Copyright page; Contents; INTRODUCTION; CHAPTER 1; POLICY RESPONSE TO THE GLOBAL FINANCIAL CRISIS: KEY ISSUES FOR DEVELOPING COUNTRIES; A. INTRODUCTION; B. POLICY RESPONSE IN DEEs: PAYMENTS CONSTRAINT AND INTERNATIONAL SUPPORT; C. REFORM OF THE INTERNATIONAL FINANCIAL ARCHITECTURE; D. SUMMARY OF POLICY CONCLUSIONS AND PROPOSALS; CHAPTER 2; GLOBAL ECONOMIC PROSPECTS: THE RECESSION MAY BE OVER BUT WHERE NEXT?; A. ISSUES AT STAKE; B. BUBBLES, EXPANSION AND IMBALANCES; C. CRISIS, RECESSION AND RECOVERY; D. NO RETURN TO "BUSINESS AS USUAL" -- NEED FOR US ADJUSTMENT E. CHINA TOO NEEDS TO ADJUST, BUT IT CANNOT BE A GLOBAL LOCOMOTIVEF. BRINGING IN THE BYSTANDERS: GERMANY AND JAPAN; G. EXCHANGE RATE ADJUSTMENTS; H. REMOVING THE DEFLATIONARY BIAS IN THE INTERNATIONAL FINANCIAL ARCHITECTURE; I. CONCLUSIONS; CHAPTER 3; EXPORT DEPENDENCE, SUSTAINABILITY OF GROWTH AND ADJUSTMENT IN CHINA; A. INTRODUCTION; B. MEASUREMENT OF CONTRIBUTION OF EXPORTS TO ECONOMIC GROWTH; C. IMPORT CONTENT OF EXPORTS; D. TO WHAT EXTENT IS GROWTH IN CHINA EXPORT-LED?; CHAPTER 4; THE SUBPRIME BOOM-BUST CYCLE AND CAPITAL FLOWS TO DEVELOPING COUNTRIES; A. INTRODUCTION B. PREVIOUS POST-WAR BOOM-BUST CYCLESC. CAPITAL FLOWS IN THE 2000s; D. THE CHANGING NATURE OF CAPITAL FLOWS; E. CHANGING VULNERABILITIES TO BOOM-BUST CYCLES; F. THE IMPACT OF RECENT CAPITAL FLOWS ON DEEs; G. WHAT IS NEXT?; H. MANAGING CAPITAL INFLOWS; I. CONCLUSIONS; CHAPTER 5; WHY THE IMF AND THE INTERNATIONAL MONETAR SYSTEM NEED MORE THAN COSMETIC REFORM; A. INTRODUCTION; B. THE IMF'S FAILURES IN FINANCIAL ANALYSIS AND EARLY WARNING; C. IMF SURVEILLANCE AND MEMBERS' OBLIGATIONS; D. THE INTERNATIONAL RESERVES SYSTEM; E. CRISIS INTERVENTION AND LENDING; F. CONCLUSIONS; REFERENCES Summary Explores the policy options available for developing and emerging economies in response to the global economic crises Notes "First published in Malaysia by South Centre in 2012 as Financial crisis and global imbalances." Bibliography Includes bibliographical references Notes English In Academic Library Subject Capital movements -- Developing countries Finance -- Developing countries Flow of funds -- Developing countries Investments -- Developing countries. Global Financial Crisis, 2008-2009. BUSINESS & ECONOMICS -- Finance. BUSINESS & ECONOMICS -- Development -- Economic Development. Capital movements Commerce Economic history Finance Flow of funds Investments Developing countries -- Commerce Developing countries -- Economic conditions -- 21st century Developing countries Form Electronic book Author Akyüz, Yılmaz. Financial crisis and global imbalances ISBN 1849648948 9781849648943 074533363X 9780745333632 0745333621 9780745333625 9781849648967 1849648964 9781849648950 1849648956

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