
Contents
-
-
-
-
-
-
-
4.1 Introduction 4.1 Introduction
-
4.2 Latin America in the Process of Financial Globalization 4.2 Latin America in the Process of Financial Globalization
-
4.2.1 The Importance of Domestic Policies During the Capital Inflows Boom Periods 4.2.1 The Importance of Domestic Policies During the Capital Inflows Boom Periods
-
-
4.3 The Financial Traps 4.3 The Financial Traps
-
4.3.1 The International Positioning of Emergent Market Countries 4.3.1 The International Positioning of Emergent Market Countries
-
4.3.2 The More Robust Situations 4.3.2 The More Robust Situations
-
4.3.3 The More Fragile Situations 4.3.3 The More Fragile Situations
-
4.3.4 The Constraints to Domestic Policy 4.3.4 The Constraints to Domestic Policy
-
4.3.5 The Real Interest Rate and the Country Risk Premium 4.3.5 The Real Interest Rate and the Country Risk Premium
-
4.3.6 The Fiscal Signals 4.3.6 The Fiscal Signals
-
4.3.7 Segmented Integration 4.3.7 Segmented Integration
-
-
4.4 Conclusions 4.4 Conclusions
-
References References
-
-
-
-
-
-
-
-
-
-
-
4 4 From the Boom in Capital Inflows to Financial Traps
Get access-
Published:May 2008
Cite
Abstract
This chapter examines the performance of highly indebted countries from the point of view of their links with the international financial market. Although the more analytical parts of the chapter do not refer specifically to Latin America, it considers the regional emergent markets' experiences as examples which provide historical background. The paths followed by some countries in the globalization process led them to situations of segmented integration. Persistently high risk premiums place a country in a sort of financial trap, with a high interest rate and low growth, leaving it highly vulnerable to contagion and other sources of volatility, and imposing narrow limits to the degrees of freedom on economic policy. The chapter suggests that domestic policy implemented during the process of financial integration account for most of the variation in the situations of the different emergent markets in the early 2000s.
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
October 2022 | 1 |
January 2023 | 1 |
March 2023 | 6 |
April 2023 | 2 |
October 2023 | 1 |
March 2024 | 1 |
April 2024 | 1 |
May 2024 | 6 |
June 2024 | 1 |
November 2024 | 1 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.