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2018 | OriginalPaper | Chapter

11. Crisis Prevention and Resolution in Emerging Markets

Author : Rajiv Biswas

Published in: Emerging Markets Megatrends

Publisher: Springer International Publishing

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Abstract

Over the past 50 years, many developing countries have displayed a high degree of vulnerability to economic crises for a number of reasons, including poor macroeconomic management, high and unsustainable levels of external debt, large fiscal deficits and government debt levels, banking crises, bursting real estate bubbles, political instability, and a high degree of reliance on volatile commodity exports. These vulnerabilities often magnify the transmission effects on the domestic economy from external shocks. Crisis prevention and resolution is therefore a key focus for national macroeconomic policy as well as for international policymakers through the Bretton Woods institutions as well as regional initiatives.
Metadata
Title
Crisis Prevention and Resolution in Emerging Markets
Author
Rajiv Biswas
Copyright Year
2018
DOI
https://doi.org/10.1007/978-3-319-78123-5_11

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