Short-Term Capital Flows and Economic Crises

ISBN-13: 9780198296867 / Angielski / Twarda / 2001 / 328 str.

Stephany Griffith-Jones; Manuel F. Montes; Anwar Nasution

Opis

The currency crises that engulfed East Asian economies in 1997 and Mexico in 1994--and their high development costs--raise a serious concern about the net benefits for developing countries of large flows of potentially reversible short-term international capital. Written by senior policy-makers and academics, the contributions to this volume examine in depth the macroeconomic and policy dilemmas confronting public authorities in the emerging economies as they deal with short-term capital movements, especially in the period before the outbreak of these crises.