Núm. 16. La integración financiera como mecanismo de prevención de crisis en América Latina y Asia Oriental / Asia / CIDOB Documents / Publications / CIDOB

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Núm. 16. La integración financiera como mecanismo de prevención de crisis en América Latina y Asia Oriental

Documentos CIDOB Asia, 16

The analysis of financial market cycles, both in the more advanced countries and in the emerging economies of Latin America and East Asia, before and after processes of liberalisation, reveal that the causal link between globalisation and financial vulnerability does not follow a strict norm. This work argues, paradoxically, that financial integration at an international level could resolve the problems that it initially generates, underscoring the idea that it could be understood as a cause of and, in turn, as a solution to the vulnerability of the emerging economies in a situation of “financial panic”, the origin of the crises that are “self-generated” and “self-feeding”, characteristics of the latter half of the 1990s.

Joan Ripoll i Alcón is a lecturer in the Department of Economics and Finances at the Escola d’Estudis Empresarials del Maresme (EUM).

ISSN: 1696-9987 (print edition)
ISSN: 1697-381X (online edition)

Pp. 68

Joan Ripoll i Alcón

Date of publication: 04/2007

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