The Next Great Globalization

By Frederic S. Mishkin. 2009

153 citations recorded by the source corpus.

Preface ix Chapter One: The Next Great Globalization: A Force for Good? 1 Part One: Is Financial Globalization Beneficial? Chapter Two: How Poor Countries Can Get Rich: Strengthening Property Rights and the Financial System 19 Chapter Three: Financial Development, Economic Growth, and Poverty 36 Chapter Four: When Globalization Goes Wrong: The Dynamics of Financial Crises 49 Part Two: Financial Crises in Emerging Market Economies Chapter Five: Mexico, 1994-1995 71 Chapter Six: South Korea, 1997-1998 85 Chapter Seven: Argentina, 2001-2002 106 Part Three: How Can Disadvantaged Nations Make Financial Globalization Work for Them? Chapter Eight: Ending Financial Repression: The Role of Globalization 129 Chapter Nine: Preventing Financial Crises 137 Chapter Ten: Recovering from Financial Crises 164 Part Four: How Can the International Community Promote Successful Globalization? Chapter Eleven: What Should the International Monetary Fund Do? 175 Chapter Twelve: What Can the Advanced Countries Do? 200 Part Five: Where Do We Go from Here? Chapter Thirteen: Getting Financial Globalization Right 211 Notes 221 References 277 Acknowledgments 305 Index 307

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/b59545525adb20664730ab46445fbd7d90e7f632

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Citations in the corpus

Growth, productivity and capital accumulation: The effects of financial liberalization in the case of European integration (2013, background): “In this sense, financial openness may produce a positive impact on productivity via better, more efficient allocation of resources (Kose, Prasad, & Terrones, 2009;Mishkin, 2006), aswell as easier access to investment opportunities (Giannetti, Guiso, Jappelli, Padula, & Pagano, 2002).”
How Big a Problem is Too Big to Fail? A Review of Gary Stern and Ron Feldman's Too Big to Fail: The Hazards of Bank Bailouts (2006, background): “…dominant in emerging market countries where it has been the political process which bails out 3 I discuss these issues more extensively in my book, Mishkin (2006). almost all banking institutions that has been the driving force behind banking crises.3 This disagreement with Stern and Feldman is…”
Foreign Capital and Economic Growth (2007, unknown): “70 See, for example, Rajan and Zingales (2003), Mishkin (2006), and Kose and others (2006).”
Why Did Financial Globalization Disappoint? (2009, background): “By 1998, the World Bank ranked Argentina second only to Singapore among emerging markets in terms of the quality of its regulatory environment (Mishkin 2006, 112).”
Thresholds in the Process of International Financial Integration (2009, background): “Moreover, mismanaged domestic fi nancial sector liberalizations have been a major contributor to crises associated with fi nancial integration (Mishkin, 2006).”
Overborrowing and systemic externalities in the business cycle (2009, unknown): “In the context of the debate of financial globalization desirability, Mishkin (2006) among others argues that domestic financial development is necessary to reap the benefits of finan- V SP (b, y) cial globalization.34 Our analysis suggests that when financial development is incomplete, countries…”