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portada Descargar ficha PDF Título: Capital Controls And Capital Flows In Emerging Economies. Policies, Practices, A
Autor: Edwards Sebastian Precio: $1287.00
Editorial: University Of Chicago Press Año: 2007
Tema: Economia, Analisis, Politica Internacional Edición:
Sinopsis ISBN: 9780226184975
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 of the resulting external debt and reducing macroeconomic vulnerability. This volume is essential reading for all those interested in emerging nations and the costs and benefits of restricting international capital flows.

Acknowledgements

Introduction
Sebastian Edwards

I. CAPITAL CONTROLS IN EMERGING COUNTRIES: ANALYTICAL ISSUES AND CROSS-COUNTRY EVIDENCE

1. Capital Flows in a Globalized World: The Role of Policies and Institutions
Laura Alfaro, Sebnem Kalemli-Ozcan, and Vadym Volosovych
Comment: Gerd Häusler

2. Capital Controls, Sudden Stops, and Current Account Reversals
Sebastian Edwards
Comment: Alan M. Taylor

3. Currency Mismatches, Debt Intolerance, and Original Sin: Why They Are Not the Same and Why It Matters
Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza
Comment: Joshua Aizenman

4. The Microeconomic Evidence on Capital Controls: No Free Lunch
Kristin J. Forbes
Comment: Charles W. Calomiris

5. The International Exposure of U.S. Banks: Europe and Latin America Compared
Linda S. Goldberg
Comment: Matías Braun

II. COUNTRY STUDIES

6. International Borrowing, Capital Controls, and the Exchange Rate: Lessons from Chile
Kevin Cowan and José De Gregorio

7. International Borrowing and Macroeconomic Performance in Argentina
Kathryn M. E. Dominguez and Linda L. Tesar
Comment: Nicolas Magud

8. Capital Flows and Controls in Brazil: What Have We Learned?
Ilan Goldfajn and André Minella

9. The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
Eswar Prasad and Shang-Jin Wei

10. South Korea's Experience with International Capital Flows
Marcus Noland
Comment: Gita Gopinath

11. Malaysian Capital Controls: Macroeconomics and Institutions
Simon Johnson, Kalpana Kochhar, Todd Mitton, and Natalia Tamirisa
Comment: Peter Blair Henry

12. Capital Flows and Exchange Rate Volatility: Singapore's Experience
Basant K. Kapur
Comment: Chair Chari

13. India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit
Ajay Shah and Ila Patnaik

14. Capital Controls: An Evaluation
Nicolas Magud and Carmen M. Reinhart

Contributors
Author Index
Subject Index
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