International financial markets : the challenge of globalization / edited by Leonardo Auernheimer.

Format:

Book

Contributor:

Auernheimer, Leonardo, 1936-

Series:

Bush School series in the economics of public policy ; v. 3.

Bush School series in the economics of public policy ; v. 3

Language:

English

Subjects (All):

International finance.

Capital movements.

Foreign exchange.

Globalization--Economic aspects.

Globalization.

Physical Description:

1 online resource (342 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 2003.

Language Note:

English

Summary:

As the globalization of financial markets continues, we urgently need to understand the crises that have plagued these markets and the policies best suited to preventing such crises in the future. In this book, a prominent group of economists and policymakers blend conceptual analysis and policy discussion in seven well-integrated papers, analyzing the nature of capital flows, alternative exchange-rate regimes, and the roles of international financial institutions. After a guided tour by the editor and a historical exploration, some of the world's leading theorists and policy analysts examine the benefits and pitfalls of capital movements and controls. In the second portion, papers examine the recent experiences of Argentina and Mexico, with Charles Calomiris-whose proposals for a new world financial architecture have elicited wide attention-contributing a response. The volume concludes with a roundtable discussion of the report of the International Financial Institutions Advisory Commission, in which the chair of the commission, Allan H. Meltzer, both comments on the report and responds to questions about it. The material presented here will become a standard reference for analysts, policymakers, and the interested general public. Contributors: Leonardo Auernheimer, Matthew Bishop, Michael D. Bordo, Charles Calomiris, Guillermo A. Calvo, Augustin Carstens, Michael P. Dooley, Pablo E. Guidotti, T. Britton Harris, John P. Lipsky, Guillermo Ortiz Martinez, Allan H. Meltzer, Andrew Powell, Rene Stulz, Carl E. Walsh

Contents:

Frontmatter

Contents

Acknowledgments

Introduction. International Capital Markets and the Challenge of Globalization: A Touring Guide to Some of the Issues

1. The Globalization of International Financial Markets: What Can History Teach Us?

2. Capital Movements: Curse or Blessing?

3. Should We Fear Capital Flows?

4. Capital Flows or Capital Flaws?

5. The Dollarization Debate in Argentina and Latin America

6. The Experience with a Floating Exchange Rate Regime: The Case of Mexico

7. Blueprints for a New Global Financial Architecture

8. Roundtable: Institutions for the New Millennium

Contributors

Index

Notes:

Extensive revision of papers from the third Conference on Public Policy held at the Bush School of Government & Public Service, Texas A&M University.

Includes bibliographical references and index.

ISBN:

9786612555855

9781282555853

1282555855

9780226032153

0226032159

OCLC:

630545950