Financial development, economic crises and emerging market economies / [edited by] Faruk Ulgen.

Includes bibliographical references and index.

1. Financial liberalization, crises and policy implications / Philip Arestis --
2. Global financing: a bad medicine for developing countries / Joaquín Arriola --
3. Financial development, instability and some confused equations / Faruk Ülgen --
4. Underdeveloped financial markets infrastructure of emerging market economies : assessment of underlying challenges and suggested policy responses / Shazia GHANI --
5. Towards de-financialization / Malcolm Sawyer --
6. A common currency for the common good / Sergio Rossi --
7. A capital market without banks : lending and borrowing in Hennaarderadeel, Friesland, 1537-1555 / Merijn KNIBBE And Paul Borghaerts --
8. Financial liberalization, financial development and instability in emerging economies : what lessons for the franc zone? / Aboubakar Sidiki Cisse --
9. Depositor myopia and banking sector behavior / Ozan Bakis, Fatih Karanfil And Sezgin Polat --
10. Dollarization and financial development : the experience of LA countries / Eugenia Correa And Alicia Giron --
11. Financialization in Brazil : a paper tiger, with atomic teeth? / Pierre Salama --
12. National and supra-national financial regulatory architecture : transformations of the Russian financial system in the post-soviet period / Nadezhda N. Pokrovskaia --
13. Minsky in Beijing : shadow banking, credit expansion and debt accumulation in china / Yan Liang.

This book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.