Written by Gerard Caprio and Patrick Honohan (p. xiii).
یادداشتهای مربوط به کتابنامه ، واژه نامه و نمایه های داخل اثر
متن يادداشت
Includes bibliographical references (pages 197-212).
یادداشتهای مربوط به خلاصه یا چکیده
متن يادداشت
The overall impact of financial globalization on the domestic financial sector is profound. Liberalization of capital flows has effectively made domestic financial repression obsolete. The consequences have not been uniformly favorable. Following liberalization, domestic interest rates in developing countries have moved to a premium over industrial country rates, and can surge at times of currency speculation. Heightened interest rate and exchange rate volatility pose practical risk management difficulties for financial intermediaries and reinforce the need for appropriate infrastructures and incentives for risk containment, as well as for good macropolicies. On the other hand, the cost of equity capital has been reduced by allowing foreign investor access to local equity markets and allowing local firms to list abroad. Increased international flows through the equity markets have not been the major contributor to increased international sources of volatility. In addition to opening access to foreign-sourced financial services, more and more countries have been permitting foreign-owned banks and other financial firms to operate locally. Although this can represent a threat to domestic owners of financial firms, the drawback is outweighed by improved service quality. On all three fronts--debt, equity, and services--the costs and risks as well as the benefits of increased financial globalization. knowledges.
یادداشتهای مربوط به سفارشات
منبع سفارش / آدرس اشتراک
IBRD PA Ref. No.2981
شماره انبار
5125281
ویراست دیگر از اثر در قالب دیگر رسانه
عنوان
Finance for growth.
موضوع (اسم عام یاعبارت اسمی عام)
موضوع مستند نشده
Economic development-- Finance.
موضوع مستند نشده
Economic policy.
موضوع مستند نشده
Expenditures, Public.
موضوع مستند نشده
Finance, Public.
موضوع مستند نشده
Finance.
موضوع مستند نشده
Financial institutions.
موضوع مستند نشده
BUSINESS & ECONOMICS-- Development-- Business Development.
موضوع مستند نشده
BUSINESS & ECONOMICS-- Development-- Economic Development.
موضوع مستند نشده
BUSINESS & ECONOMICS-- Development-- General.
موضوع مستند نشده
BUSINESS & ECONOMICS-- Government & Business.
موضوع مستند نشده
BUSINESS & ECONOMICS-- Structural Adjustment.
موضوع مستند نشده
Economic development-- Finance.
موضوع مستند نشده
Economic policy.
موضوع مستند نشده
Expenditures, Public.
موضوع مستند نشده
Finance, Public.
موضوع مستند نشده
Finance.
موضوع مستند نشده
Financial institutions.
موضوع مستند نشده
POLITICAL SCIENCE-- Public Policy-- Economic Policy.
مقوله موضوعی
موضوع مستند نشده
BUS-- 020000
موضوع مستند نشده
BUS-- 062000
موضوع مستند نشده
BUS-- 068000
موضوع مستند نشده
BUS-- 079000
موضوع مستند نشده
BUS-- 092000
موضوع مستند نشده
POL-- 024000
رده بندی ديویی
شماره
338
.
9
رده بندی کنگره
شماره رده
HD75
نشانه اثر
.
C367
2001eb
نام شخص به منزله سر شناسه - (مسئولیت معنوی درجه اول )