The New Financial Landscape : What It Means for Emerging Market Economies
As the year 2012 unfolds, its main legacy will be its game changing impact on global financial markets. Waning global growth along with central banks' bold monetary easing policies in advanced economies (AEs) to try to reverse it are changing...
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2012/09/16706673/new-financial-landscape-means-emerging-market-economies http://hdl.handle.net/10986/17090 |
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okr-10986-170902021-04-23T14:03:33Z The New Financial Landscape : What It Means for Emerging Market Economies Canuto, Otaviano García-Kilroy, Catiana Caputo Silva, Anderson ADVANCED ECONOMIES ASSET CLASS ASSET PRICING ASSETS BAILOUTS BALANCE SHEETS BANK BALANCE SHEETS BANKING SECTOR BASIS POINTS BOND FLOWS CAPITAL ALLOCATION CAPITAL FLOWS CENTRAL BANK CENTRAL BANKS COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY PRICE COMMODITY PRICES CREDIT RATINGS CURRENCY CURRENCY APPRECIATION DEVELOPING ECONOMIES DISTORTIONS DOMESTIC DEMAND ECONOMIC CONDITIONS ELMI EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ASSETS EMERGING MARKET BONDS EMERGING MARKET ECONOMIES EMERGING MARKETS EQUITIES EQUITY INDEX EQUITY MARKETS EQUITY RETURNS EXCHANGE RATE EXCHANGE RATES EXPORTERS EXPOSURE EXTERNAL FACTORS EXTERNAL SHOCKS FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL IMBALANCES FOOD PRICES FOREIGN EXCHANGE FOREIGN RESERVES GLOBAL ECONOMY GLOBAL FINANCIAL MARKETS GLOBAL FINANCIAL STABILITY GLOBAL FINANCIAL SYSTEM GLOBAL LIQUIDITY GOLD GOVERNMENT BOND GOVERNMENT BOND YIELDS GOVERNMENT BONDS GOVERNMENT DEBT GROSS DOMESTIC PRODUCT HARD CURRENCY HOLDING HOLDINGS INCOME INCOME FLOWS INFLATION INSURANCE INSURANCE COMPANIES INTEREST RATES INTERNATIONAL ECONOMICS INVESTMENT ALLOCATIONS LIQUIDITY LIQUIDITY FACILITIES LIQUIDITY REQUIREMENTS LOCAL CURRENCY LONG-TERM YIELDS MACROECONOMIC POLICY MARKET DYNAMICS MARKET SPECIALIST MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES PORTFOLIO PORTFOLIO ALLOCATIONS POTENTIAL INVESTMENTS POVERTY REDUCTION PRICE INDEX PRIVATE SECTOR DEVELOPMENT RESERVE RESERVES SAVINGS SECURITIES SECURITIES MARKET SECURITIES MARKETS SOVEREIGN DEBT STRUCTURAL REFORMS SUSTAINABLE GROWTH TAX TRADING UNCERTAINTIES UNCERTAINTY VALUATION VOLATILE CAPITAL VOLATILITY VOLATILITY OF CAPITAL YIELD CURVES As the year 2012 unfolds, its main legacy will be its game changing impact on global financial markets. Waning global growth along with central banks' bold monetary easing policies in advanced economies (AEs) to try to reverse it are changing market dynamics in unexpected ways, across both AEs and emerging market economies (EMEs). The combination of monetary stimulus, fiscal austerity and hesitant structural economic policy reforms in AEs, particularly in Europe, is taking the global financial system into increasingly uncharted territory. How the European Union will address the future of the euro zone, including uncertainties over its banking sector, as well as how the United States handles its Fiscal Cliff, will weigh heavily on economic balances across all economies worldwide. This seems to be a significant point of inflection on the speed of the rebalancing of economic relevance of AEs in favor of EMEs taking place over the last 12 years. Under this scenario, the ability of EMEs to handle their own fiscal, financial, and real economy weaknesses is critically tied to their ability to weather external shocks and take advantage of growing global savings while searching for yield and growth opportunities. 2014-02-18T22:30:31Z 2014-02-18T22:30:31Z 2012-09 http://documents.worldbank.org/curated/en/2012/09/16706673/new-financial-landscape-means-emerging-market-economies http://hdl.handle.net/10986/17090 English en_US Economic premise;no. 87 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ADVANCED ECONOMIES ASSET CLASS ASSET PRICING ASSETS BAILOUTS BALANCE SHEETS BANK BALANCE SHEETS BANKING SECTOR BASIS POINTS BOND FLOWS CAPITAL ALLOCATION CAPITAL FLOWS CENTRAL BANK CENTRAL BANKS COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY PRICE COMMODITY PRICES CREDIT RATINGS CURRENCY CURRENCY APPRECIATION DEVELOPING ECONOMIES DISTORTIONS DOMESTIC DEMAND ECONOMIC CONDITIONS ELMI EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ASSETS EMERGING MARKET BONDS EMERGING MARKET ECONOMIES EMERGING MARKETS EQUITIES EQUITY INDEX EQUITY MARKETS EQUITY RETURNS EXCHANGE RATE EXCHANGE RATES EXPORTERS EXPOSURE EXTERNAL FACTORS EXTERNAL SHOCKS FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL IMBALANCES FOOD PRICES FOREIGN EXCHANGE FOREIGN RESERVES GLOBAL ECONOMY GLOBAL FINANCIAL MARKETS GLOBAL FINANCIAL STABILITY GLOBAL FINANCIAL SYSTEM GLOBAL LIQUIDITY GOLD GOVERNMENT BOND GOVERNMENT BOND YIELDS GOVERNMENT BONDS GOVERNMENT DEBT GROSS DOMESTIC PRODUCT HARD CURRENCY HOLDING HOLDINGS INCOME INCOME FLOWS INFLATION INSURANCE INSURANCE COMPANIES INTEREST RATES INTERNATIONAL ECONOMICS INVESTMENT ALLOCATIONS LIQUIDITY LIQUIDITY FACILITIES LIQUIDITY REQUIREMENTS LOCAL CURRENCY LONG-TERM YIELDS MACROECONOMIC POLICY MARKET DYNAMICS MARKET SPECIALIST MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES PORTFOLIO PORTFOLIO ALLOCATIONS POTENTIAL INVESTMENTS POVERTY REDUCTION PRICE INDEX PRIVATE SECTOR DEVELOPMENT RESERVE RESERVES SAVINGS SECURITIES SECURITIES MARKET SECURITIES MARKETS SOVEREIGN DEBT STRUCTURAL REFORMS SUSTAINABLE GROWTH TAX TRADING UNCERTAINTIES UNCERTAINTY VALUATION VOLATILE CAPITAL VOLATILITY VOLATILITY OF CAPITAL YIELD CURVES |
| spellingShingle |
ADVANCED ECONOMIES ASSET CLASS ASSET PRICING ASSETS BAILOUTS BALANCE SHEETS BANK BALANCE SHEETS BANKING SECTOR BASIS POINTS BOND FLOWS CAPITAL ALLOCATION CAPITAL FLOWS CENTRAL BANK CENTRAL BANKS COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY PRICE COMMODITY PRICES CREDIT RATINGS CURRENCY CURRENCY APPRECIATION DEVELOPING ECONOMIES DISTORTIONS DOMESTIC DEMAND ECONOMIC CONDITIONS ELMI EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ASSETS EMERGING MARKET BONDS EMERGING MARKET ECONOMIES EMERGING MARKETS EQUITIES EQUITY INDEX EQUITY MARKETS EQUITY RETURNS EXCHANGE RATE EXCHANGE RATES EXPORTERS EXPOSURE EXTERNAL FACTORS EXTERNAL SHOCKS FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL IMBALANCES FOOD PRICES FOREIGN EXCHANGE FOREIGN RESERVES GLOBAL ECONOMY GLOBAL FINANCIAL MARKETS GLOBAL FINANCIAL STABILITY GLOBAL FINANCIAL SYSTEM GLOBAL LIQUIDITY GOLD GOVERNMENT BOND GOVERNMENT BOND YIELDS GOVERNMENT BONDS GOVERNMENT DEBT GROSS DOMESTIC PRODUCT HARD CURRENCY HOLDING HOLDINGS INCOME INCOME FLOWS INFLATION INSURANCE INSURANCE COMPANIES INTEREST RATES INTERNATIONAL ECONOMICS INVESTMENT ALLOCATIONS LIQUIDITY LIQUIDITY FACILITIES LIQUIDITY REQUIREMENTS LOCAL CURRENCY LONG-TERM YIELDS MACROECONOMIC POLICY MARKET DYNAMICS MARKET SPECIALIST MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES PORTFOLIO PORTFOLIO ALLOCATIONS POTENTIAL INVESTMENTS POVERTY REDUCTION PRICE INDEX PRIVATE SECTOR DEVELOPMENT RESERVE RESERVES SAVINGS SECURITIES SECURITIES MARKET SECURITIES MARKETS SOVEREIGN DEBT STRUCTURAL REFORMS SUSTAINABLE GROWTH TAX TRADING UNCERTAINTIES UNCERTAINTY VALUATION VOLATILE CAPITAL VOLATILITY VOLATILITY OF CAPITAL YIELD CURVES Canuto, Otaviano García-Kilroy, Catiana Caputo Silva, Anderson The New Financial Landscape : What It Means for Emerging Market Economies |
| relation |
Economic premise;no. 87 |
| description |
As the year 2012 unfolds, its main
legacy will be its game changing impact on global financial
markets. Waning global growth along with central banks'
bold monetary easing policies in advanced economies (AEs) to
try to reverse it are changing market dynamics in unexpected
ways, across both AEs and emerging market economies (EMEs).
The combination of monetary stimulus, fiscal austerity and
hesitant structural economic policy reforms in AEs,
particularly in Europe, is taking the global financial
system into increasingly uncharted territory. How the
European Union will address the future of the euro zone,
including uncertainties over its banking sector, as well as
how the United States handles its Fiscal Cliff, will weigh
heavily on economic balances across all economies worldwide.
This seems to be a significant point of inflection on the
speed of the rebalancing of economic relevance of AEs in
favor of EMEs taking place over the last 12 years. Under
this scenario, the ability of EMEs to handle their own
fiscal, financial, and real economy weaknesses is critically
tied to their ability to weather external shocks and take
advantage of growing global savings while searching for
yield and growth opportunities. |
| format |
Publications & Research :: Brief |
| author |
Canuto, Otaviano García-Kilroy, Catiana Caputo Silva, Anderson |
| author_facet |
Canuto, Otaviano García-Kilroy, Catiana Caputo Silva, Anderson |
| author_sort |
Canuto, Otaviano |
| title |
The New Financial Landscape : What It Means for Emerging Market Economies |
| title_short |
The New Financial Landscape : What It Means for Emerging Market Economies |
| title_full |
The New Financial Landscape : What It Means for Emerging Market Economies |
| title_fullStr |
The New Financial Landscape : What It Means for Emerging Market Economies |
| title_full_unstemmed |
The New Financial Landscape : What It Means for Emerging Market Economies |
| title_sort |
new financial landscape : what it means for emerging market economies |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2012/09/16706673/new-financial-landscape-means-emerging-market-economies http://hdl.handle.net/10986/17090 |
| _version_ |
1764435134828773376 |