Capital flows and crises / Barry Eichengreen.

Format:

Book

Author/Creator:

Eichengreen, Barry J.

Language:

English

Subjects (All):

Capital movements.

Financial crises.

International finance.

Physical Description:

1 online resource (viii, 377 pages) : illustrations

Place of Publication:

Cambridge, Mass. : MIT Press, ©2003.

Language Note:

English

Summary:

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.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (pages [337]-361) and index.

OCLC-licensed vendor bibliographic record.

ISBN:

9780262272186

0262272180

9780585446738

0585446733

OCLC:

52235229