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dc.contributor.authorTimmis, Hannah
dc.identifier.citationTimmis, H. (2018) The Global Financial System and Developing Countries. K4D Helpdesk Report. Brighton, UK: Institute of Development Studiesen
dc.description.abstractThe global financial system has changed significantly since the 2007-08 financial crisis. Developing countries have seen a decline in their net financial flows due to the collapse of the international banking sector. This was further exacerbated by weak growth prospects in key emerging markets and low commodity prices from 2014-15. The decline was somewhat offset by higher non-resident portfolio inflows, which resulted from prolonged ultra-low interest rates in advanced economies and the ensuing “search or yield”. While countries in East and South Asia continue to be major recipients of global financial flows, they have also become major providers, particularly for other developing countries. Hence, South-South finance is a growing trend. Additionally, public financial flows, namely overseas development assistance and multilateral lending, have exhibited strong growth since 2007 further mitigating the decline in private flows.en
dc.publisherInstitute of Development Studiesen
dc.relation.ispartofseriesK4D Helpdesk Report;
dc.subjectDevelopment Policyen
dc.titleThe Global Financial System and Developing Countriesen
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  • K4D [937]
    K4D supports learning and the use of evidence to improve the impact of development policy and programmes. The programme is designed to assist the Foreign, Commonwealth and Development Office (FCDO) and other partners to be innovative and responsive to rapidly changing and complex development challenges.

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