Regional and Global Capital Flows : Macroeconomic Causes and Consequences.
Title:
Regional and Global Capital Flows : Macroeconomic Causes and Consequences.
Author:
Ito, Takatoshi.
ISBN:
9780226387017
Personal Author:
Physical Description:
1 online resource (404 pages)
Series:
National Bureau of Economic Research East Asia Seminar on Economics ; v.10
National Bureau of Economic Research East Asia Seminar on Economics
Contents:
Contents -- Acknowledgments -- Introduction -- 1. Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances -- 2. Lending Booms and Currency Crises: Empirical Link -- 3. Bank Lending and Contagion: Evidence from the Asian Crisis -- 4. The Impacts of Bank Loans on Economic Development: An Implication for East Asia from an Equilibrium Contract Theory -- 5. How Were Capital Inflows Stimulated under the Dollar Peg System? -- 6. Sterilization and the Capital Inflow Problem in East Asia, 1987-97 -- 7. Credibility of Hong Kong's Currency Board:The Role of Institutional Arrangements -- 8. How Japanese Subsidiaries in Asia Responded to the Regional Crisis: An Empirical Analysis Based on the MITI Survey -- 9. Social Benefits and Losses from FDI: Two Nontraditional Views -- 10. Currency Crisis of Korea: Internal Weakness or External Interdependence? -- Contributors -- Author Index -- Subject Index.
Abstract:
The volume of capital flows between industrial and developing countries has grown dramatically in the past decade and has become a major issue in a world that is increasingly "globalized." Here Takatoshi Ito and Anne O. Krueger, two leading experts on this topic, have assembled a group of scholars who address different types of capital flows-bank lending, bonds, direct foreign investment-and the implications they hold for economic performance. With its particular focus on the Asian financial crises, this work presents a new model for policy makers everywhere in thinking about the role of private capital flows.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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