SHORT-TERM CAPITAL FLOWS AND ECONOMIC CRISES by Stephany Griffith-Jones (Editor), Manuel F. Montes (Editor), Anwar Nasution (Editor) ( 9780198296867 )

Item Details

Title:

SHORT-TERM CAPITAL FLOWS AND ECONOMIC CRISES

By:

Stephany Griffith-Jones (Editor), Manuel F. Montes (Editor), Anwar Nasution (Editor)

Format:

Hardback

List price:	£137.50
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ISBN 10:

019829686X

ISBN 13:

9780198296867

Publisher:

OXFORD UNIVERSITY PRESS

Pub. date:

1 February, 2001

Series:

WIDER Studies in Development Economics

Pages:

324

Description:

The currency crises that engulfed East Asian economies in 1997 and Mexico in 1994 raise serious concern about the net benefits for developing countries of large inflows of potentially reversible short-term international finance. The contributions to this volume - a mix of analytical approaches and case studies - examine the policy dilemmas confronting public authorities in the emerging economies as they deal with short-term capital movements, especially in the periodbefore the outbreak of these crises.

Synopsis:

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.

Illustrations:

numerous tables and graphs

Publication:

Imprint:

Oxford University Press

Returns:

Non-returnable

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