Financial Deepening and Post-Crisis Development in Emerging Markets

Current Perils and Future Dawns

  • Aleksandr V. Gevorkyan
  • Otaviano Canuto

Table of contents

  1. Front Matter
    Pages i-xix
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Aleksandr V. Gevorkyan, Otaviano Canuto
      Pages 3-17
  3. Emerging Markets’ Post-2008 Trends

    1. Front Matter
      Pages 19-19
    2. Catiana García-Kilroy, Anderson Caputo Silva
      Pages 21-40
    3. Luiz Fernando de Paula, Daniela Magalhães Prates
      Pages 85-108
  4. Region and Country Case Studies

    1. Front Matter
      Pages 109-109
    2. Carlos Omar Trejo-Pech, Magdy Noguera, Michael Gunderson
      Pages 111-133
    3. Elena Rusticelli, Semei Coronado, Leonardo Gatica Arreola
      Pages 135-148
    4. Tarron Khemraj, Sukrishnalall Pasha
      Pages 169-187
    5. Ingrid Harvold Kvangraven
      Pages 223-245
  5. Back Matter
    Pages 271-279

About this book


This collection empirically and conceptually advances our understanding of the intricacies of emerging markets’ financial and macroeconomic development in the post-2008 crisis context. Covering a vast geography and a broad range of economic viewpoints, this study serves as an informed guide in the unchartered waters of fundamental uncertainty as it has been redefined in the post-crisis period. Contributors to the collection go beyond risks-opportunities analyses, looking deeper into the nuanced interpretations of data and economic categories as interplay of developing world characteristics in the context of redefined fundamental uncertainty. Those concerns relate to the issues of small country finance, the industrialization of the developing world, the role of commodity cycles in the global economy, sovereign debt, speculative financial flows and currency pressures, and connections between financial markets and real  markets. Compact and comprehensive, this collection offers unique perspectives into contemporary issues of financial deepening and real macroeconomic development in small developing economies that rarely surface in the larger policy and development debates.


emerging markets great recession financial crisis financial deepening foreign exchange pressures macroeconomic development redefined fundamental uncertainty sovereign debt

Editors and affiliations

  • Aleksandr V. Gevorkyan
    • 1
  • Otaviano Canuto
    • 2
  1. 1.St. John's UniversityQueensUSA
  2. 2.World BankPotomacUSA

Bibliographic information

Industry Sectors
Finance, Business & Banking