The Political Economy of Emerging Markets: Actors, Institutions and Financial Crises in Latin America (CERI Series in International Relations a)

This book takes a cross-disciplinary look at the financial markets of emerging markets in Latin America. The author wants to disassemble the black box that is the financial market: what are the motivations and interests of the various actors, both institutional and individual?; How do these interact with each other?; How does this information help us understand the Mexican crisis in the 90s and the current crisis in Argentina? The author has conducted extensive interviews with brokers, asset managers, economists, strategists, and analysts in the US, UK, Europe, and Latin America, providing significant material for this study.

javier Santiso Accomplishes A Great Deal In This Ambitious Volume. He Provides A Fascinating Historical Survey Of The Turbulent Markets Providing Financial Resources To Latin America During The Late Twentieth And Early Twenty-first Centuries, And He Presents A Promising Interdisciplinary Approach To Understanding The Dramatic Development Of Those Markets. Practitioners, Policy-makers, And Scholars Will Find Much To Interest Them Here. -louis Pauly, Director, Center For International Studies, University Of Toronto

javier Santiso Has Written A Study Of International Finance That Takes Seriously The Opinions Of The Financiers Themselves. The Political Economy Of Emerging Markets Provides An Engaging Overview Of The Past And Present Of Lending To Developing Countries. Its Core Is An Interview-based Analysis Of The Origins, Character, And Implications Of Sentiment On International Financial Markets. It Will Appeal To All Those Interested In The Sources Of 'received Wisdom' In The International Financial System. - Jeffry A. Frieden, Department Of Government, Harvard University

the Political Economy Of Emerging Markets Is An Outstanding Blend Of Political Science And Economics: Lively, Insightful, Very Readable, It Is Both Thought-provoking And Well Argued. Dr. Santiso Must Be Praised For Having Brought Together A Wealth Of Information And Told A Convincing Story
marc Flandreau, Professor Of Economics Institut D'etudes Politiques De Paris,
france

"While this story is clearly about numbers and money flows, it also concerns actors and institutions, analysts, strategists, and fund managers working throughout the last decade during a series of financial booms and crises. In order to understand financial crisis in emerging markets, it is necessary to know how financial markets think, to analyze their thought processes and concepts of time. It is necessary to open up the black box, or analyze the analysts - learning more about the political economy of emerging markets and the way the market itself is organized. The Political Economy of Emerging Markets is an attempt to cross disciplinary boundaries and serves as an invitation to trespass from economics into politics and vice-versa, from international political economy to economic history and beyond."--BOOK JACKET Front Matter....Pages i-xi Introduction: Inside the Black Box A Journey Toward Emerging Markets....Pages 1-16 The Confidence Game: Exit, Voice and Loyalty in Financial Markets....Pages 17-45 Capital Flows to Emerging Markets: Goodbye the Golden 1990s?....Pages 46-70 The Usual Suspects: Timescales, Strategies and Constraints of Emerging Market Asset Managers....Pages 71-112 A Small Embedded World: Technopols, Arenas and Trespassers....Pages 113-145 The Timing Game: Wall Street, Mexico and Argentina. A Temporal Analysis....Pages 146-186 Conclusion: Financial Markets and the Memory of the Future....Pages 187-203 Back Matter....Pages 204-255 This text takes a cross-disciplinary look at the financial markets of emerging markets in Latin America. The author disassembles the black box that is the financial market by examining the motivations and interests of the various actors, both institutional and individual By the end of the twentieth century, emerging markets had become the new El Dorado of international finance. Javier Santiso. Includes Bibliographical References (p. [204]-250) And Index.