TY - BOOK AU - Hawkins,Penelope Anne TI - The open economy and its financial constraints SN - 1843760282 U1 - 332 21 PY - 2003/// CY - Northhampton, MA PB - Edward Elgar Publishing KW - Business cycles KW - Case studies KW - Liquidity (Economics) N1 - Based on the author's Ph. D. thesis; Includes bibliographical references and index; Contents: Introduction 1. Constraints and Economic Theory 2. Money, Liquidity Preference and Banks 3. Banks' Liquidity Preference and Financial States of Constraint 4. Liquidity Preference and Capital Flows in an Open Economy 5. Financial Vulnerability and the Open Economy 6. Three Vulnerable Economies: Thailand, Brazil and South Africa 7. Financial Constraints on Economic Activity and Employment in South Africa 8. International Liquidity Preference and Vulnerable Economies 9. Conclusion Bibliography Index N2 - The Open Economy and its Financial Constraints explores the role of money and finance in an open economy. The existence of money and global financial flows compound the likelihood of financial constraints, in particular, financial vulnerability, financial exclusion and financial fragility, and create the possibility of unemployment ER -