Hye Jee Cho, "Institutions, Partisanship and Credibility in Global Financial Markets "
English | ISBN: 113821485X | 2017 | 184 pages | EPUB | 2 MB
Increasingly integrated global financial markets have been shaken by a series of severe shocks in recent decades, from Mexico's Tequila crisis to the upheavals in the Eurozone. These crises have demonstrated that signs of uncertain local economic and political conditions can result in market fluctuations which in turn cause economic, social, and political instability. Such instability is particularly severe for developing countries that rely heavily on international financial markets for their financial needs. Building credibility in these markets is therefore important for national governments who wish to prevent market panic and capital flight and, ultimately, to achieve stable economic growth.