Capital flows and crises /
Eichengreen, Barry J.
Capital flows and crises / Barry Eichengreen. - Cambridge, Mass. : MIT Press, ©2003. - 1 online resource (viii, 377 pages) : illustrations
Includes bibliographical references (pages 337-361) and index.
Introduction -- A century of capital flows -- Capital account liberalization : what do the cross-country studies tell us? -- When does capital account liberalization help more than it hurts? / Exchange market mayhem : the antecedents and aftermath of speculative attacks / Contagious currency crises / The Baring crisis in a Mexican mirror -- The EMS crisis in retrospect -- Understanding Asia's crisis -- Capital controls : capital idea or capital folly? -- Taming capital flows. Carlos Arteta Charles Wyplosz -- Andrew Rose Charles Wyplosz -- Andrew Rose Charles Wyplosz -- I. Background. 1. 2. II. Capital account liberalization. 3. 4. with and III. Crises. 5. with and 6. with and 7. 8. 9. IV. Policy implications. 10. 11.
The implications of capital mobility for growth and stability are some of the most contentious and least understood contemporary issues in economics. In this book, Barry Eichengreen discusses historical, theoretical, empirical, and policy aspects of the effects, both positive and negative, of capital flows. He focuses on the connections between capital flows and crises as well as on those between capital flows and growth.Eichengreen argues that international financial liberalization, like other forms of economic liberalization, can positively affect the efficiency of resource allocation and the rate of economic growth. But analyses of both recent and historical experience also show an undeniable association between capital mobility and crises, especially when domestic institutions are weak and the harmonization of capital account liberalization and other policy reforms is inadequate. In his conclusion, Eichengreen makes suggestions for policy design to maximize the benefits of international financial liberalization while minimizing the risks of financial instability.
9780262272186 (electronic bk.) 0262272180 (electronic bk.) 0585446733 (electronic bk.) 9780585446738 (electronic bk.) 9780262050678 0262050676 (Trade Cloth)
9780262050678
1731 MIT Press 9780262272186 MIT Press
2002071440
Capital movements.
Financial crises.
International finance.
Mouvements de capitaux.
BUSINESS & ECONOMICS--Finance.
Capital movements.
Financial crises.
International finance.
Kapitaalverkeer.
Financiële crises.
Internationale financiën.
ECONOMICS/Finance ECONOMICS/Macroeconomics
Electronic books.
Electronic books.
HG3891 / .E33 2003eb
332/.042
Capital flows and crises / Barry Eichengreen. - Cambridge, Mass. : MIT Press, ©2003. - 1 online resource (viii, 377 pages) : illustrations
Includes bibliographical references (pages 337-361) and index.
Introduction -- A century of capital flows -- Capital account liberalization : what do the cross-country studies tell us? -- When does capital account liberalization help more than it hurts? / Exchange market mayhem : the antecedents and aftermath of speculative attacks / Contagious currency crises / The Baring crisis in a Mexican mirror -- The EMS crisis in retrospect -- Understanding Asia's crisis -- Capital controls : capital idea or capital folly? -- Taming capital flows. Carlos Arteta Charles Wyplosz -- Andrew Rose Charles Wyplosz -- Andrew Rose Charles Wyplosz -- I. Background. 1. 2. II. Capital account liberalization. 3. 4. with and III. Crises. 5. with and 6. with and 7. 8. 9. IV. Policy implications. 10. 11.
The implications of capital mobility for growth and stability are some of the most contentious and least understood contemporary issues in economics. In this book, Barry Eichengreen discusses historical, theoretical, empirical, and policy aspects of the effects, both positive and negative, of capital flows. He focuses on the connections between capital flows and crises as well as on those between capital flows and growth.Eichengreen argues that international financial liberalization, like other forms of economic liberalization, can positively affect the efficiency of resource allocation and the rate of economic growth. But analyses of both recent and historical experience also show an undeniable association between capital mobility and crises, especially when domestic institutions are weak and the harmonization of capital account liberalization and other policy reforms is inadequate. In his conclusion, Eichengreen makes suggestions for policy design to maximize the benefits of international financial liberalization while minimizing the risks of financial instability.
9780262272186 (electronic bk.) 0262272180 (electronic bk.) 0585446733 (electronic bk.) 9780585446738 (electronic bk.) 9780262050678 0262050676 (Trade Cloth)
9780262050678
1731 MIT Press 9780262272186 MIT Press
2002071440
Capital movements.
Financial crises.
International finance.
Mouvements de capitaux.
BUSINESS & ECONOMICS--Finance.
Capital movements.
Financial crises.
International finance.
Kapitaalverkeer.
Financiële crises.
Internationale financiën.
ECONOMICS/Finance ECONOMICS/Macroeconomics
Electronic books.
Electronic books.
HG3891 / .E33 2003eb
332/.042