کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5097832 1478622 2007 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Globalization and the Contagion Effects of External Shocks on Emerging Market Economies
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Globalization and the Contagion Effects of External Shocks on Emerging Market Economies
چکیده انگلیسی
This paper examines how globalization affects developing country capital markets. While these countries benefit from global integration of capital markets since it enables them to access foreign capital, globalization also imposes costs on them since their capital markets become vulnerable to external shocks. These issues are examined by analyzing the May-June 2006 decline experienced across all emerging country stock markets. Using Turkish economy as an example the reasons behind the vulnerability of these markets are examined. Finally, the set of measures developing countries need to take in order to strengthen their financial infrastructure against external shocks are discussed.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of Economic Asymmetries - Volume 4, Issue 1, June 2007, Pages 41-56
نویسندگان
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