000			01400pab a2200181 454500
008			180718b2003 xxu||||| |||| 00| 0 eng d
100			_aPrasad, Eswar et al.
245			_aEffects of financial globalization on developing countries: some empirical evidence
260			_c2003
300			_ap.17-20.
362			_a22 Mar
520			_aThere has been considerable debate on the relationship between financial development and economic development. While the debate continues, attempts have been made, with the full support of multilateral institutions, to liberalise the financial sector of developing countries. One of the main objectives and responses has been with respect to attracting portfolio capital flows to the so-called emerging markets. Changes were rushed through with hardly any ground work being done. We give in the following the main observations of a recent study by the International Monetary Fund (IMF) which looked at the financial sector changes on developing countries. Interestingly, now IMF cautions the developing countries that "financial integration should be approached cautiously, with good institutions and macroeconomic frameworks viewed as important". - Reproduced.
650			_aGlobalization - Developing countries
650			_aFinancial administration - Developing countries
650			_aFinancial administration
773			_aYoung Indian
909			_a55952
999			_c55952 _d55952