The Risks of Integration: the Rise and Recent Fall of Emerging Markets

Detalhes bibliográficos
Autor(a) principal: Ramos, Raquel Almeida
Data de Publicação: 2013
Outros Autores: Bonizzi, Bruno
Idioma: eng
Título da fonte: Repositório Institucional da IPEA (RCIpea)
dARK ID: ark:/51990/001300000h2bd
Texto Completo: https://repositorio.ipea.gov.br/handle/11058/15857
Resumo: The increased importance of finance is the main characteristic of the current capitalist system. At the international level, the increase in cross-border financial transactions signals what has been called ‘financial globalisation’ or ‘international financialisation’. The rise of this system is associated with the emergence of money managers— professionals seeking the best possible return for their portfolios worldwide. From the 1990s on, this liquidity has started to reach those developing countries that have liberalised their capital accounts and has since then been flowing in marked cycles. Today’s slumping stock markets and major exchange rate depreciation in several emerging markets may signal the end of one these cycles. (…)
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spelling The Risks of Integration: the Rise and Recent Fall of Emerging MarketsOs Riscos da Integração: a Ascensão e a Queda Recente dos Mercados EmergentesThe Risks of Integration: the Rise and Recent Fall of Emerging MarketsThe increased importance of finance is the main characteristic of the current capitalist system. At the international level, the increase in cross-border financial transactions signals what has been called ‘financial globalisation’ or ‘international financialisation’. The rise of this system is associated with the emergence of money managers— professionals seeking the best possible return for their portfolios worldwide. From the 1990s on, this liquidity has started to reach those developing countries that have liberalised their capital accounts and has since then been flowing in marked cycles. Today’s slumping stock markets and major exchange rate depreciation in several emerging markets may signal the end of one these cycles. (…)O aumento da importância das finanças é a principal característica do sistema capitalista atual, um fenômeno que, em âmbito internacional, é evidenciado pelo aumento das transações financeiras (conhecido por “globalização financeira”). A ascensão desse sistema está associada ao surgimento dos “gestores de dinheiro” (os money managers do Minsky) – profissionais que buscam o melhor retorno possível para seus portfólios em todo o mundo. A partir da década de 1990, essa liquidez começou a atingir os países em desenvolvimento que haviam liberalizado suas contas de capital e, desde então, tem flutuado em ciclos bem definidos. A recente situação de queda nos mercados de ações e importante depreciação da taxa de câmbio em vários mercados emergentes podem ser sinais do fim de um desses ciclos. (…)1 p.2024-10-04T00:10:35Z2024-10-04T00:10:35Z2013One Pagerinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://repositorio.ipea.gov.br/handle/11058/15857ark:/51990/001300000h2bdInternational Policy Centre for Inclusive GrowthUnited Nations Development ProgrammeLicença total exclusivaO texto e dados desta publicação podem ser reproduzidos desde que as fontes sejam citadas. Reproduções com fins comerciais são proibidas.info:eu-repo/semantics/openAccessRamos, Raquel AlmeidaBonizzi, Brunoengreponame:Repositório Institucional da IPEA (RCIpea)instname:Instituto de Pesquisa Econômica Aplicada (IPEA)instacron:IPEA2024-10-04T06:29:11Zoai:repositorio.ipea.gov.br:11058/15857Repositório InstitucionalPUBhttp://repositorio.ipea.gov.br/oai/requestsuporte@ipea.gov.bropendoar:2024-10-04T06:29:11Repositório Institucional da IPEA (RCIpea) - Instituto de Pesquisa Econômica Aplicada (IPEA)false
dc.title.none.fl_str_mv The Risks of Integration: the Rise and Recent Fall of Emerging Markets
Os Riscos da Integração: a Ascensão e a Queda Recente dos Mercados Emergentes
title The Risks of Integration: the Rise and Recent Fall of Emerging Markets
spellingShingle The Risks of Integration: the Rise and Recent Fall of Emerging Markets
Ramos, Raquel Almeida
The Risks of Integration: the Rise and Recent Fall of Emerging Markets
title_short The Risks of Integration: the Rise and Recent Fall of Emerging Markets
title_full The Risks of Integration: the Rise and Recent Fall of Emerging Markets
title_fullStr The Risks of Integration: the Rise and Recent Fall of Emerging Markets
title_full_unstemmed The Risks of Integration: the Rise and Recent Fall of Emerging Markets
title_sort The Risks of Integration: the Rise and Recent Fall of Emerging Markets
author Ramos, Raquel Almeida
author_facet Ramos, Raquel Almeida
Bonizzi, Bruno
author_role author
author2 Bonizzi, Bruno
author2_role author
dc.contributor.author.fl_str_mv Ramos, Raquel Almeida
Bonizzi, Bruno
dc.subject.por.fl_str_mv The Risks of Integration: the Rise and Recent Fall of Emerging Markets
topic The Risks of Integration: the Rise and Recent Fall of Emerging Markets
description The increased importance of finance is the main characteristic of the current capitalist system. At the international level, the increase in cross-border financial transactions signals what has been called ‘financial globalisation’ or ‘international financialisation’. The rise of this system is associated with the emergence of money managers— professionals seeking the best possible return for their portfolios worldwide. From the 1990s on, this liquidity has started to reach those developing countries that have liberalised their capital accounts and has since then been flowing in marked cycles. Today’s slumping stock markets and major exchange rate depreciation in several emerging markets may signal the end of one these cycles. (…)
publishDate 2013
dc.date.none.fl_str_mv 2013
2024-10-04T00:10:35Z
2024-10-04T00:10:35Z
dc.type.driver.fl_str_mv One Pager
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://repositorio.ipea.gov.br/handle/11058/15857
dc.identifier.dark.fl_str_mv ark:/51990/001300000h2bd
url https://repositorio.ipea.gov.br/handle/11058/15857
identifier_str_mv ark:/51990/001300000h2bd
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv International Policy Centre for Inclusive Growth
United Nations Development Programme
Licença total exclusiva
info:eu-repo/semantics/openAccess
rights_invalid_str_mv International Policy Centre for Inclusive Growth
United Nations Development Programme
Licença total exclusiva
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.source.none.fl_str_mv reponame:Repositório Institucional da IPEA (RCIpea)
instname:Instituto de Pesquisa Econômica Aplicada (IPEA)
instacron:IPEA
instname_str Instituto de Pesquisa Econômica Aplicada (IPEA)
instacron_str IPEA
institution IPEA
reponame_str Repositório Institucional da IPEA (RCIpea)
collection Repositório Institucional da IPEA (RCIpea)
repository.name.fl_str_mv Repositório Institucional da IPEA (RCIpea) - Instituto de Pesquisa Econômica Aplicada (IPEA)
repository.mail.fl_str_mv suporte@ipea.gov.br
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