The Relative Financial Fragility Of Emerging Market Nations In The Free Movements Of International Capital

The financial fragility was thought to be the source of frequent explosion of crisis. On the foundation of combining the related theories of financial fragility, this text puts forward the opposite problem of financial fragility in emerging market nations on the condition of international capital free movement. The full text is divided into four parts。The financial fragility is thought to be the born nature of financial system in the traditional theories. But the outside factors emerge in the emerging market nations substantially instead of the developed countries. Factly, the financial fragility is the holdout ability of the financial system to financial activity–for example, the capital flow . Therefore , the ability of financial system to holdout the impact is different in the different countries. The financial system of developed countries is eligible because of their development of hundred years and their economic foundation. On the contrary,it is not enough long to the emerging market nations to just built up the market economy, so the financial system that adapts mutually the nations has not produced. On the other hand ,it is the developed nations that established the international financial orders , as a result the financial system of the emerging market nations have to adapt to the existing international financial orders . These both lead to the result that the emerging market nations are far from the developed nations to resist the impact of financial activities. Therefore, the financial fragility is weaker in emerging market nations than in the developed nations .With the globalization, the international financial system is divided in inner part, the difference between the emerging market nations and the developed nations makes the whole international financial system...