Date of Award

1-1-2013

Document Type

Thesis

Degree Name

M.A.

Department

Economics

First Advisor

Chiara Piovani

Keywords

Development, Emerging Market Countries, Financial Capital Flows

Abstract

Economic growth and development are critical issues for emerging market economies as they seek increase their standards of living. Financial globalization, innovation and international financial capital flows are prominent factors influencing macroeconomic stability and the pace of growth and development around the globe. This dynamic has become even more pronounced since the Asian Financial Crisis at the end of the 1990s and the Global Financial Crisis starting in 2008. In the wake of these two global economic events, the need for reflection on the drivers of growth and development as well as impediments to these activities is warranted. This thesis explores the perspectives of orthodox and heterodox economists on the impact of international financial capital flows from both a theoretical as well as empirical perspective. The pace of financial globalization and innovation challenges institutions and policymakers in increasingly complex ways. Concepts such as financial capital controls, financial threshold levels and communication take on prominent roles in impacting the speed and effectiveness of financial capital deployment within emerging market economies.

Provenance

Recieved from ProQuest

Rights holder

Jason Victor Reuter

File size

115 p.

File format

application/pdf

Language

en

Discipline

Economics

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