The Financial Crisis and the Global South : A Development Perspective.

Intro -- Title page -- Copyright page -- Contents -- INTRODUCTION -- CHAPTER 1 -- POLICY RESPONSE TO THE GLOBAL FINANCIAL CRISIS: KEY ISSUES FOR DEVELOPING COUNTRIES -- A. INTRODUCTION -- B. POLICY RESPONSE IN DEEs: PAYMENTS CONSTRAINT AND INTERNATIONAL SUPPORT -- C. REFORM OF THE INTERNATIONAL FINANCIAL ARCHITECTURE -- D. SUMMARY OF POLICY CONCLUSIONS AND PROPOSALS -- CHAPTER 2 -- GLOBAL ECONOMIC PROSPECTS: THE RECESSION MAY BE OVER BUT WHERE NEXT? -- A. ISSUES AT STAKE -- B. BUBBLES, EXPANSION AND IMBALANCES -- C. CRISIS, RECESSION AND RECOVERY -- D. NO RETURN TO "BUSINESS AS USUAL" - NEED FOR US ADJUSTMENT -- E. CHINA TOO NEEDS TO ADJUST, BUT IT CANNOT BE A GLOBAL LOCOMOTIVE -- F. BRINGING IN THE BYSTANDERS: GERMANY AND JAPAN -- G. EXCHANGE RATE ADJUSTMENTS -- H. REMOVING THE DEFLATIONARY BIAS IN THE INTERNATIONAL FINANCIAL ARCHITECTURE -- I. CONCLUSIONS -- CHAPTER 3 -- EXPORT DEPENDENCE, SUSTAINABILITY OF GROWTH AND ADJUSTMENT IN CHINA -- A. INTRODUCTION -- B. MEASUREMENT OF CONTRIBUTION OF EXPORTS TO ECONOMIC GROWTH -- C. IMPORT CONTENT OF EXPORTS -- D. TO WHAT EXTENT IS GROWTH IN CHINA EXPORT-LED? -- CHAPTER 4 -- THE SUBPRIME BOOM-BUST CYCLE AND CAPITAL FLOWS TO DEVELOPING COUNTRIES -- A. INTRODUCTION -- B. PREVIOUS POST-WAR BOOM-BUST CYCLES -- C. CAPITAL FLOWS IN THE 2000s -- D. THE CHANGING NATURE OF CAPITAL FLOWS -- E. CHANGING VULNERABILITIES TO BOOM-BUST CYCLES -- F. THE IMPACT OF RECENT CAPITAL FLOWS ON DEEs -- G. WHAT IS NEXT? -- H. MANAGING CAPITAL INFLOWS -- I. CONCLUSIONS -- CHAPTER 5 -- WHY THE IMF AND THE INTERNATIONAL MONETAR SYSTEM NEED MORE THAN COSMETIC REFORM -- A. INTRODUCTION -- B. THE IMF'S FAILURES IN FINANCIAL ANALYSIS AND EARLY WARNING -- C. IMF SURVEILLANCE AND MEMBERS' OBLIGATIONS -- D. THE INTERNATIONAL RESERVES SYSTEM -- E. CRISIS INTERVENTION AND LENDING -- F. CONCLUSIONS -- REFERENCES.

Explores the policy options available for developing and emerging economies in response to the global economic crises.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.