Regional & Global Capital Flows – Macroeconomics Causes & Consequences: 10
Author(s): Takatoshi Ito (Author)
Publisher: University of Chicago Press
Publication Date: 5 Dec. 2001
Edition: Illustrated
Language: English
Print length: 398 pages
ISBN-10: 0226386767
ISBN-13: 9780226386768
Book Description
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.
Editorial Reviews
From the Inside Flap
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. In this book, 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. By concentrating on macroeconomic issues concerning the flow of private capital to and from the East Asian economies during the currency crises of 1997, the commentary aims to help policy makers avoid such crises in the future. The analyses undertaken here deal with a variety of questions, focusing especially on the “economic fundamentals” of the affected economies and on the irrational “herd behavior” of investors. With its particular focus on the Asian financial crises, this work presents a new model in thinking about the role of private capital flows for policy makers everywhere.
From the Back Cover
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. In this book, 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. By concentrating on macroeconomic issues concerning the flow of private capital to and from the East Asian economies during the currency crises of 1997, the commentary aims to help policy makers avoid such crises in the future. The analyses undertaken here deal with a variety of questions, focusing especially on the “economic fundamentals” of the affected economies and on the irrational “herd behavior” of investors. With its particular focus on the Asian financial crises, this work presents a new model in thinking about the role of private capital flows for policy makers everywhere.
About the Author
Takatoshi Ito is professor in the graduate schools of public policy and of economics at the University of Tokyo and a research associate of the NBER.
Anne O. Krueger is the first deputy managing director of the International Monetary Fund.
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