Bank fragility and international capital mobility /
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Author / Creator: | Detragiache, Enrica. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, Research Department, ©1999. |
Description: | 1 online resource (20 pages) : illustrations |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/99/113 IMF working paper ; WP/99/113. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497057 |
Summary: | The last two decades were a period of fast international economic integration, as international trade flows and international flows of financial assets grew faster than the world economy (IMF (1997)). The globalization of national economies has become a much talked-about (if much less well-understood) phenomenon, often blamed for all the evils and credited for all the goods of the last two decades of economic experience. Among the evils often attributed to globalization, and particularly to increased international capital mobility, is the proliferation of financial crises that has afflicted a large number of countries, ranging from rich industrialized nations to poor "nonemerging" developing economies. Financial crises have involved various combinations of currency collapses, banking panics, sovereign and corporate debt crises. The disruptions brought about by these events have led to calls for the resumption of capital controls, for new international institutions to improve prevention and treatment of financial crises (a new "financial architecture"), as well as a reexamination of the national regulatory framework for financial institutions. |
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Physical Description: | 1 online resource (20 pages) : illustrations |
Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Bibliography: | Includes bibliographical references (pages 19-20). |
ISBN: | 1282035401 9781282035409 1451899092 9781451899092 1462352952 9781462352951 1452733082 9781452733081 9786613796912 6613796913 |
ISSN: | 2227-8885 ; |