‘The Fragile Five’ : πόσο ευάλωτες είναι οι αναδυόμενες αγορές στη νομισματική πολιτική των ανεπτυγμένων αγορών;
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Keywords
Νομισματική πολιτική ; Οικονομική κρίσηAbstract
This paper aims to study the impact of developed markets’ monetary policy implementation on emerging markets, examining the vulnerability of emerging markets to this policy. Monetary policy decisions are generally considered to affect emerging economies, although the impact is not the same of any emerging market.
In this study key economic variables will be used to examine the relationship for each country, in order to compare these results for these countries and examine the sensitivity and implications of the monetary policy measures. These economic variables are related to economic and financial variables, for the economies of Fragile Five.
The term "Fragile Five" was first reported during the global economic recovery between 2011 and 2014. After the crisis of 2007-2009, in many developed economies and the recession in 2008, emerging economies attracted huge investment capital flows, due to the relatively higher economic growth rates that existed. These flows were both portfolio investments (equities, bonds, etc.) and foreign direct investment and other capital investments.
These findings will be analyzed in order to understand how they affect a country and lead to financial crisis and how these crises spread (contagion) in other markets with similar economic problems.
Postgraduate Studies Programme
Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική Ανάλυση για ΣτελέχηDepartment
Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής ΔιοικητικήςNumber of pages
74Language
Greek
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Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές