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022 _a08887233
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHB90 COM
100 1 _aMoschella, Manuela
_eauthor
245 1 0 _aMexico and the IMF in the 1990s:
_bold and new issues on capital account liberalization and emerging market countries
_ccreated by Manuela Moschella
264 1 _aHampshire,
_bPalgrave Macmillan:
_c2010
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aComparative economic studies
_vVolume 52, number 4
520 3 _aThe 2007–2008 financial crisis has once again prompted a lively debate on the benefits and risks of capital account liberalization in emerging market countries. This paper contributes to this debate by looking back at the 1990s through the lenses of the International Monetary Fund (IMF). On the basis of archival research, the paper argues that the IMF looked at Mexico as evidence of the benefits of global financial integration both before and after the 1994 crisis, focusing on macroeconomic conditions and underestimating the soundness of the domestic financial sector. In the conclusions, the paper links the findings with the debate that followed the subprime crisis.
650 _aIMF lending
_vFinancial market regulation
_xFinancial crisis
_zMexico
856 _3https://doi.org/10.1057/ces.2010.18
942 _2lcc
_cJA
999 _c165569
_d165569