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Capital Flows and Crises

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The implications of capital mobility for growth and stability are some of the most contentious and least understood contemporary issues in economics. In this book, Barry Eichengreen discusses historical, theoretical, empirical, and policy aspects of the effects, both positive and negative, of capital flows. He focuses on the connections between capital flows and crises as well as on those between capital flows and growth.Eichengreen argues that international financial liberalization, like other forms of economic liberalization, can positively affect the efficiency of resource allocation and the rate of economic growth. But analyses of both recent and historical experience also show an undeniable association between capital mobility and crises, especially when domestic institutions are weak and the harmonization of capital account liberalization and other policy reforms is inadequate. In his conclusion, Eichengreen makes suggestions for policy design to maximize the benefits of international financial liberalization while minimizing the risks of financial instability.OCLC-licensed vendor bibliographic record.

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Series Title

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Call Number

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Publisher

Cambridge, Mass. : : MIT Press,., 2002

Collation

1 online resource (viii, 377 pages) :illustrations

Language

English

ISBN/ISSN

9780262272186

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Capital movements.
International finance.
Financial crises.

Specific Detail Info

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Statement of Responsibility

Barry Eichengreen

Other Information

Cataloger

imron

Source

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Validator

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Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/1731.001.0001

Journal Volume

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Journal Issue

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Subtitle

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