Short-Term Capital Flows and Economic Crises

Stephany Griffith-Jones editor Manuel F Montes editor Anwar Nasution editor

Format:Hardback

Publisher:Oxford University Press

Published:1st Feb '01

Currently unavailable, and unfortunately no date known when it will be back

Short-Term Capital Flows and Economic Crises cover

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.

ISBN: 9780198296867

Dimensions: 243mm x 163mm x 22mm

Weight: 602g

324 pages