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Consumer financial spinning and market stress factors in emerging markets

In: Handbook of Banking and Finance in Emerging Markets

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  • Olivier Mesly

Abstract

This chapter describes the phenomenon of consumer financial spinning and analyses its five hypothesized market stress factors in the context of emerging economies. The latter are particularly vulnerable to these factors, which we define as: (1) external pressure for economic liberalization; (2) necessary spending on healthcare; (3) expectations of efficient regulations and banking standardization; (4) quest for political stability and integration; and (5) push for transparency despite lags in financial technology. These factors, when exercising too much pressure, may foster the accumulation of national debt, which, in dire circumstances, may become unsustainable, thus jeopardizing the economic growth potential.

Suggested Citation

  • Olivier Mesly, 2022. "Consumer financial spinning and market stress factors in emerging markets," Chapters, in: Duc K. Nguyen (ed.), Handbook of Banking and Finance in Emerging Markets, chapter 21, pages 394-418, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20452_21
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    Keywords

    Development Studies; Economics and Finance;

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