Regional and Global Capital Flows
Subtitle: Macroeconomic Causes and Consequences (National Bureau of Economic Research-East Asia Seminar on Economics)
Contributors: Takatoshi Ito (Editor); Anne O. Krueger (Editor)
Publisher: University Of Chicago Press; University of Chicago Press
Published: July 18, 2001
Language: eng
Format: Hardcover
Number of pages: 392
ISBN-13: 9780226386768
Subjects: Development economics; International economics; Macroeconomics; International Capital Markets; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - General; Economics - Macroeconomics; Exports & Imports; Business & Economics / Economics / General; International - Economics; Bank loans; Capital movements; Congresses; East Asia; International finance
First sentence: Episodes of speculative attacks on currencies in the 1990s (such as the 1992-93 crisis in the European Monetary System, the 1994 Mexican peso collapse, and especially the Asian turmoil of 1997-98) have generated a considerable-and finely balanced-debate on whether currency and financial instability should be attributed to arbitrary shifts in market expectations and confidence, rather than to weaknesses in the state of economic fundamentals.
Description: The volume of capital flows between industrial and developing countries has grown dramatically in the past decade and has become a major issue in a world that is increasingly 'globalised'. Here, two experts on this topic have assembled a group of scholars who address different types of capital flows - bank lending, bonds, direct foreign investment - and the implications they hold for economic performance. With its particular focus on the Asian financial crises, this work presents a new model which is concerned with the role of private capital flows.