Short-Term Capital Flows and Economic Crises - Rilegato

Rilegato

ISBN 10: 019829686X ISBN 13: 9780198296867

Casa editrice: OUP Oxford, 2001

Riassunto

The currency crises that engulfed East Asian economies in 1997 and Mexico in 1994 - and their high development costs - raise a serious concern about the net benefits for developing countries of large flows of potentially reversible short-term international capital. Written by senior policy-makers and academics, the contributions to this volume examine in depth the macroeconomic and other policy dilemmas confronting public authorities in the emerging economies as they deal with short-term capital movements, especially in the period before the outbreak of these crises.

The studies are based on comparative case studies of key emerging economies. Valuable insights are also derived from contrasts between the East Asian, Latin American, African, and European experiences, between the financial and real effects of financial flows, and between private and public responsibilities in managing financial markets.

The great value of the chapters in this volume is that they analytically identify the weaknesses in both domestic and international capital market regimes. The recommendations derived from this analysis apply to the development of financial markets in developing countries, the monitoring and regulation of mutual funds in source countries, and the future development of international capital markets. They will make an important contribution both to the discussion of national policies and of a new international financial architechture.

Su questo libro

Contenuti:

• Part I. The International and Analytical Context
• 1: Peter Montiel and Carmen M. Reinhart: The Dynamics of Capital Movements to Emerging Economies During the 1990s
• 2: E. V. K. FitzGerald: Short-Term Capital Flows, the Real Economy and Income Distribution in Developing Countries
• 3: Jane W. D'Arista and Stephany Griffith-Jones: The Boom of Portfolio Flows to 'Emerging Markets' and its Regulatory Implications
• Part II. Case Studies
• 4: Won-Am Park: Korea's Management of Capital Flows in the 1990s
• 5: Manuel F. Montes: The Southeast Asian Currency Crisis
• 6: Anwar Nasution: Capital Inflows and Policy Responses: The Case of Indonesia in the 1990s
• 7: Stephany Griffith-Jones: Causes and Lessons of the Mexican Peso Crisis
• 8: Eliana Cardoso: Brazil's Macroeconomic Policies and Capital Flows in the 1990s
• 9: Manuel R. Agosin and Ricardo Ffrench-Davis: Managing Capital Inflows in Chile
• 10: Brian Kahn: Capital Flows and Policy Responses in South Africa in the 1990s
• 11: Jorge Braga de Macedo: Crises? What Crises? Escudo from ECU to EMU
• Part III. Conclusions
• 12: Stephany Griffith-Jones, Manuel F. Montes and Anwar Nasution: Managing Capital Surges in Emerging Economies

Product Description:

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Su questa edizione

• Editore: OUP Oxford
• Data di pubblicazione: 2001
• ISBN 10: 019829686X
• ISBN 13: 9780198296867
• Rilegatura: Copertina rigida
• Numero di pagine: 324
• Redattore: Griffith-Jones Stephany, Montes Manuel F., Nasution Anwar