Capital controls and capital flows in emerging economies : policies, practices, and consequences / edited by Sebastian Edwards.

Format:

Book

Contributor:

Edwards, Sebastian, 1953-

National Bureau of Economic Research.

Series:

National Bureau of Economic Research conference report.

A National Bureau of Economic Research conference report

Language:

English

Subjects (All):

Capital movements--Developing countries--Congresses.

Capital movements.

Physical Description:

1 online resource (699 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, c2007.

Language Note:

English

Summary:

Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In Capital Controls and Capital Flows in Emerging Economies, an esteemed group of contributors examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations.In the aftermath of the East Asian currency crises of 1997, the authors consider mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity

Contents:

Frontmatter

Contents

Acknowledgments

Introduction

1. Capital Flows in a Globalized World: The Role of Policies and Institutions

2. Capital Controls, Sudden Stops, and Current Account Reversals

3. Currency Mismatches, Debt Intolerance, and Original Sin: Why They Are Not the Same and Why It Matters

4. The Microeconomic Evidence on Capital Controls: No Free Lunch

5. The International Exposure of U.S. Banks: Europe and Latin America Compared

6. International Borrowing, Capital Controls, and the Exchange Rate: Lessons from Chile

7. International Borrowing and Macroeconomic Performance in Argentina

8. Capital Flows and Controls in Brazil: What Have We Learned?

9. The Chinese Approach to Capital Inflows: Patterns and Possible Explanations

10. South Korea's Experience with International Capital Flows

11. Malaysian Capital Controls: Macroeconomics and Institutions

12. Capital Flows and Exchange Rate Volatility: Singapore's Experience

13. India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit

14. Capital Controls: An Evaluation

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

9786612004827

9781282004825

1282004824

9780226184999

0226184994

OCLC:

313470659