Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies

Other author Edwards, Sebastian
Format Electronic
Publication InfoChicago : University of Chicago Press La Vergne : MyiLibrary [Distributor]
Description352 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

SeriesConference Report (National Bureau of Economic Research) Ser.
Summary Annotation The 1990s witnessed several acute currency crises among developing nations that invariably spread to other nearby at-risk countries. These episodes in Mexico, Thailand, South Korea, Russia, and Brazil were all exacerbated by speculative foreign investments and high-volume movements of capital in and out of those countries. Insufficient domestic controls and a sluggish international response further undermined these economies, as well as the credibility of external oversight agencies like the International Monetary Fund. This timely volume examines the correlation between volatile capital mobility, currency instability, and the threat of regional contagion, focusing particular attention on the emergent economies of Latin America, Southeast Asia, and Eastern Europe.Together these studies offer a new understanding of the empirical relationship between capital flows, international trade, and economic performance, and also afford key insights into realms of major policy concern."
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 9908006529
ISBN9781281430854
ISBN1281430854 (E-Book) Active Record
Standard identifier# 9781281430854
Stock number00027142