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Palgrave Macmillan

The Inexorable Evolution of Financialisation

Financial Crises in Emerging Markets

  • Book
  • © 2016

Overview

Authors:
  1. Domna M. Michailidou

    1. Department of Country Studies, OECD, Paris, France
      Judge Business School, University of Cambridge, UK

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction: Financial Crises — An Inter-Temporal, Inter-National and Endogenous Capitalist Problem

    • Domna M. Michailidou
    Pages 1-14

  3. A Keynesian and Post-Keynesian Theoretical Brief: Selected Concepts

    • Domna M. Michailidou
    Pages 15-37

  4. Post-1980 Global Liquidity Data: Exponential Flows

    • Domna M. Michailidou
    Pages 38-46

  5. Supply-Push: The Western-Induced Endogenous Generation and Proliferation of Liquidity

    • Domna M. Michailidou
    Pages 47-55

  6. Demand-Pull: The Internally Induced Attractiveness of Emerging Markets

    • Domna M. Michailidou
    Pages 56-63

  7. Mexico: The Laissez Faire Paragon Gone Wrong

    • Domna M. Michailidou
    Pages 64-83

  8. Brazil: The Anti-Mexican Public Debt Failure

    • Domna M. Michailidou
    Pages 84-104

  9. South Korea: The Private Debt Story

    • Domna M. Michailidou
    Pages 105-120

  10. Deregulation and Volatility: Where the Three Economies Meet

    • Domna M. Michailidou
    Pages 121-151

  11. An Endogenous Conclusion

    • Domna M. Michailidou
    Pages 152-168

  12. Back Matter

    Pages 169-200
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Keywords

About this book

Since the 2007 financial crisis, discussion on issues related to the size, spread and frequency of financial crises has captivated a wide variety of audiences. Why has the world economy experienced such a marked increase in financial transactions and private and public indebtedness since the 1980s? How have middle-income developing countries suddenly become a part of this dynamic? And, most importantly, how has the topic of financial crises been featured in households’ daily discussions in both developed and developing parts of the world?


Domna Michailidou addresses the questions above through exploring the inexorable evolution of financialisation into financial crisis through the examination of three middle-income countries: Mexico, Brazil and South Korea. Concentrating on emerging economies, and especially choosing three very different economies that all experienced financial crises in the 1990s, this book explores what lessons can be learnt regarding financial fragility, volatility and failure in the wake of capital market liberalisation.

Authors and Affiliations

  • Department of Country Studies, OECD, Paris, France

    Domna M. Michailidou

  • Judge Business School, University of Cambridge, UK

    Domna M. Michailidou

About the author

Domna M. Michailidou works for the OECD Economics Division focusing on the Greek financial crisis. She has a PhD from the Centre for Development Studies in the University of Cambridge, UK, where she lectures and teaches Economic Development at both undergraduate and graduate levels. Currently, Domna is also a research fellow at the Judge Business School's Middle East Research Group and a teaching fellow at UCL's School of Public Policy, UK.

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