Financial Deepening and Post-Crisis Development in Emerging Markets: Current Perils and Future Dawns

PART I: INTRODUCTION1. Emerging Markets and the Post-2008 World; Aleksandr V. Gevorkyan, Otaviano CanutoPART II: POST-2008 TRENDS IN EMERGING MARKETS2. Post-Crisis Lessons for EME Capital Markets; Catiana García Kilroy, Anderson Caputo Silva3. Interest Rates, Terms of Trade, and Currency Crises: Are We on the Verge of a New Crisis in the Periphery?; Nathaniel Cline, Matías Vernengo 4. Devaluation and Labor Market Dualism in Emerging Markets; Vikram Kumar5. Post-2008 Financial Flows to Emerging Economies and Policy Alternatives; Luiz Fernando de Paula, Daniela Magalhães PratesPART III: REGION AND COUNTRY CASE STUDIES6. Corporate Cash Holdings and Economic Crises in Mexico; Carlos O. Trejo-Pech, Magdy Noguera, Michael Gunderson7. Nonlinearity Testing of Latin American Exchange Rates; Elena Rusticelli, Semei Coronado Ramirez, Leonardo Gatica Arreola8. Liquidity Dynamics and Central Bank Policy Intervention in Select Caribbean Foreign Exchange Markets; Dave Seerattan, Nicola Spagnolo9. Determinants of Non-Performing Loans in Guyana; Tarron Khemraj, Sukrishnalall Pasha10. Financial Flows and Productivity in Eastern Europe: Implications for Growth and Policy; Lucas Bernard, Unurjargal Nyambuu11. The Changing Character of Financial Flows to Sub-Saharan Africa; Ingrid Harvold Kvangraven12. Oil Prices and Bank Profitability: Evidence from Major Oil-Exporting Countries in the Middle East and North Africa; Heiko Hesse, Tigran Poghosyan