Capital Flows Without Crisis?
Reconciling Capital Mobility and Economic Stability
The last decade has seen a massive increase in international capital flows to emerging markets. This development has offered opportunities to those countries that have opened themselves up to overseas capital, but it has also created risks.
In this volume, a team of policymakers and academics from 14 different countries, as well as representatives of the international financial institutions primarily responsible for responding to the crises, examine the challenges and options facing policymakers today. The book includes both detailed analysis of individual economies from around the world and in-depth analysis of the broad systemic issues of why crises occur and how we can prevent them. By looking at economies from many different parts of the world, the book provides a broad and comprehensive look at the similarities and differences in recent financial crises.
Table of Contents
Part 1. Crises in a World of Mobile Capital
Part 2. The Management and Prevention of Crises
Part 3. European Experiences
Part 4. Latin American Crises
Part 5. The East Asian Crisis Economies
Part 6. East Asian Experiences with Capital Controls
Part 7. Looking to the Future
Part 8. Conclusions
Dipak Dasgupta is Sector Manager, Economic Policy in the Middle East and North Africa region of the World Bank, and a member of its Economic Policy Board. Marc Uzan is the Executive Director and the Founder of the Reinventing Bretton Woods Committee. Dominic Wilson is an International Economist at Goldman Sachs, Hong Kong