Capital Flows and the Emerging Economies : Theory, Evidence, and Controversies.

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Bibliographic Details
Author / Creator:Edwards, Sebastian.
Imprint:Chicago : University of Chicago Press, 2008.
Description:1 online resource (366 pages).
Language:English
Series:National Bureau of Economic Research Conference report
National Bureau of Economic Research conference report.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12399329
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ISBN:0226184722
9780226184722
Notes:Print version record.
Summary:The 1990s witnessed several acute currency crises among developing nations that invariably spread to other nearby at-risk countries. These episodes-in Mexico, Thailand, South Korea, Russia, and Brazil-were all exacerbated by speculative foreign investments and high-volume movements of capital in and out of those countries. Insufficient domestic controls and a sluggish international response further undermined these economies, as well as the credibility of external oversight agencies like the International Monetary Fund. This timely volume examines the correlation between volatile capital.
Other form:Print version: Edwards, Sebastian. Capital Flows and the Emerging Economies : Theory, Evidence, and Controversies. Chicago : University of Chicago Press, ©2008 9780226184708
Table of Contents:
  • Capital Flows and the Emerging Economies Theory, Evidence, and Controversies; Contents; Acknowledgments; Introduction; I. Capital Flows to Developing Countries: Theoretical Aspects; 1. Contagion, Globalization, and the Volatility of Capital Flows; 2. Fire-Sale FDI; 3. Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility; II. Cross-Country Evidence; 4. What Explains Changing Spreads on Emerging Market Debt?; 5. Is There a Curse of Location? Spatial Determinants of Capital Flows to Emerging Markets; 6. Capital Flows and the Behavior of Emerging Market Equity Returns.
  • III. Capital Flows to Latin America, Asia, and Eastern Europe7. Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences; 8. Capital Flows in Asia; 9. Capital Flows to Central and Eastern Europe and the Former Soviet Union; Contributors; Author Index; Subject Index.