Capital flows and the emerging economies [[electronic resource] ] : theory, evidence, and controversies / / edited by Sebastian Edwards

• Pubblicazione: Chicago, : University of Chicago Press, c2000
• Descrizione fisica: 1 online resource (366 p.)
• Disciplina: 332/.042
• Soggetto topico: Capital movements - Developing countries
• Soggetto non controllato: capital flows, economy, economics, international, management, foreign investments, speculative, speculation, movements of money, finances, wealth, regional contagion, currency instability, currencies, volatile mobility, latin america, southeast asia, eastern europe, trade, performance, developing countries, globalization, emerging markets, liberalization, debt, exchange rates, former soviet union, russia, mexico, thailand, south korea, brazil
• Altri autori: EdwardsSebastian <1953->
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and indexes.
• Nota di contenuto: Front matter -- Contents -- Acknowledgments -- Introduction -- 1. Contagion, Globalization, and the Volatility of Capital Flows -- 2. Fire-Sale FDI -- 3. Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility -- 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 -- 7. 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
• Sommario/riassunto: The 1990's 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 mobility, currency instability, and the threat of regional contagion, focusing particular attention on the emergent economies of Latin America, Southeast Asia, and Eastern Europe. Together these studies offer a new understanding of the empirical relationship between capital flows, international trade, and economic performance, and also afford key insights into realms of major policy concern.
• Titolo autorizzato: Capital flows and the emerging economies
• ISBN: 1-281-43085-4; 9786611430856; 0-226-18472-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910777058703321
• Lo trovi qui: Univ. Federico II
• Serie: National Bureau of Economic Research conference report.; Conference report (National Bureau of Economic Research)