Financial Deepening and Post-Crisis Development in Emerging Markets

Part I. Introduction

1. Emerging Markets and the Post-2008 World
Aleksandr V. Gevorkyan, Otaviano Canuto

Part II. Emerging Markets’ Post-2008 Trends

2. Post-crisis Lessons for EME Capital Markets
Catiana García-Kilroy, Anderson Caputo Silva

3. Interest Rates, Terms of Trade, and Currency Crises: Are We on the Verge of a New Crisis in the Periphery?
Nathaniel Cline, Matías Vernengo

4. Devaluation and Labor Market Dualism in Emerging Markets
Vikram Kumar

5. Financial Flows to Emerging Economies and Policy Alternatives Post 2008
Luiz Fernando Paula, Daniela Magalhães Prates

Part III. Region and Country Case Studies

6. Corporate Cash Holdings and Economic Crises in Mexico
Carlos Omar Trejo-Pech, Magdy Noguera, Michael Gunderson

7. Nonlinearity Testing of Latin American Exchange Rates
Elena Rusticelli, Semei Coronado, Leonardo Gatica Arreola

8. Liquidity Dynamics and Central Bank Policy Intervention in Select Caribbean Foreign Exchange Markets
Dave Seerattan, Nicola Spagnolo

9. Determinants of Nonperforming Loans in Guyana
Tarron Khemraj, Sukrishnalall Pasha

10. Financial Flows and Productivity in Eastern Europe: Implications for Growth and Policy
Lucas Bernard, Unurjargal Nyambuu

11. The Changing Character of Financial Flows to Sub-Saharan Africa
Ingrid Harvold Kvangraven

12. Oil Prices and Bank Profitability: Evidence from Major Oil-Exporting Countries in the Middle East and North Africa
Heiko Hesse, Tigran Poghosyan

Keywords: Finance, Capital Markets, Development Economics