Capital Flows And Crises
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Capital Flows And Crises
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Author : Barry J. Eichengreen
language : en
Publisher: MIT Press
Release Date : 2004
Capital Flows And Crises written by Barry J. Eichengreen and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
An analysis of the connections between capital flows and financial crises as well as between capital flows and economic growth.
Capital Flows And Financial Crises
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Author : Miles Kahler
language : en
Publisher: Cornell University Press
Release Date : 1998
Capital Flows And Financial Crises written by Miles Kahler and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Table of Contents
Short Term Capital Flows And Economic Crises
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Author : Stephany Griffith-Jones
language : en
Publisher: OUP Oxford
Release Date : 2001-02-01
Short Term Capital Flows And Economic Crises written by Stephany Griffith-Jones and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-02-01 with Business & Economics categories.
The currency crises that engulfed East Asian economies in 1997 and Mexico in 1994 - and their high development costs - raise a serious concern about the net benefits for developing countries of large flows of potentially reversible short-term international capital. Written by senior policy-makers and academics, the contributions to this volume examine in depth the macroeconomic and other policy dilemmas confronting public authorities in the emerging economies as they deal with short-term capital movements, especially in the period before the outbreak of these crises. The studies are based on comparative case studies of key emerging economies. Valuable insights are also derived from contrasts between the East Asian, Latin American, African, and European experiences, between the financial and real effects of financial flows, and between private and public responsibilities in managing financial markets. The great value of the chapters in this volume is that they analytically identify the weaknesses in both domestic and international capital market regimes. The recommendations derived from this analysis apply to the development of financial markets in developing countries, the monitoring and regulation of mutual funds in source countries, and the future development of international capital markets. They will make an important contribution both to the discussion of national policies and of a new international financial architechture.
Capital Flows And The Twin Crises
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Author : Mr.Ilan Goldfajn
language : en
Publisher: International Monetary Fund
Release Date : 1997-07-01
Capital Flows And The Twin Crises written by Mr.Ilan Goldfajn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-07-01 with Business & Economics categories.
This paper develops a model that focuses on the interaction of liquidity creation by financial intermediaries with capital flows and exchange rate collapses. The intermediaries’ role of transforming maturities is shown to result in larger movements of capital and a higher probability of crisis. These movements resemble the observed cycle in capital flows: large inflows, crisis and abrupt outflows. The model highlights how adverse productivity and international interest rate shocks may trigger a sudden outflow of capital and an exchange collapse. The initial shock is magnified by the behavior of individual foreign investors linked through their deposits in the intermediaries. The expectation of an eventual exchange rate crisis links investors’ behavior even further.
Liberalizing Capital Flows And Managing Outflows Background Paper
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2012-03-14
Liberalizing Capital Flows And Managing Outflows Background Paper written by International Monetary Fund. Monetary and Capital Markets Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-14 with Business & Economics categories.
Liberalization of capital flows can benefit both source and recipient countries by improving resource allocation, reducing financing costs, increasing competition and accelerating the development of domestic financial systems. The empirical evidence, however, is mixed on the benefits, and it suggests that countries benefit most when they meet certain thresholds related to institutional and financial development. The principal cost of capital flow liberalization stems from the economic instability brought on by volatile capital flows. In extreme cases, sudden stops or reversals in capital inflows can trigger financial crises followed by prolonged periods of weak growth.
Currencies Capital Flows And Crises
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Author : John T. Harvey
language : en
Publisher: Routledge
Release Date : 2009-01-13
Currencies Capital Flows And Crises written by John T. Harvey and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-13 with Business & Economics categories.
Breaking from conventional wisdom, this book provides an explanation of exchange rates based on the premise that it is financial capital flows and not international trade that represents the driving force behind currency movements. John T. Harvey combines analyses rooted in the scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern psychology to produce a set of new theories to explain international monetary economics, including not only exchange rates but also world financial crises. In the book, the traditional approach is reviewed and critiqued and the alternative is then built by studying the psychology of the market and balance of payments questions. The central model has at its core Keynes’ analysis of the macroeconomy and it assumes neither full employment nor balanced trade over the short or long run. Market participants’ mental model, which they use to forecast future exchange rate movements, is specified and integrated into the explanation. A separate but related discussion of currency crises shows that three distinct tension points emerge in booming economies, any one of which can break and signal the collapse. Each of the models is compared to post-Bretton Woods history and the reader is shown exactly how various shifts and adjustments on the graphs can explain the dollar’s ups and downs and the Mexican (1994) and Asian (1987) crises.
Private Capital Flows And Financial Crises In Emerging Markets
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Author : Sona Shrestha
language : en
Publisher:
Release Date : 1999
Private Capital Flows And Financial Crises In Emerging Markets written by Sona Shrestha and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Capital market categories.
This dissertation consists of three empirical chapters that address different aspects of private capital flows and financial crises in Asian and Latin American emerging markets.
The Composition Matters
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Author : Mr.Hui Tong
language : en
Publisher: International Monetary Fund
Release Date : 2009-08-01
The Composition Matters written by Mr.Hui Tong and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-01 with Business & Economics categories.
We study whether capital flows affect the degree of credit crunch faced by a country's manufacturing firms during the 2007-09 crisis. Examining 3823 firms in 24 emerging countries, we find that the decline in stock prices was more severe for firms that are intrinsically more dependent on external finance for working capital. The volume of capital flows has no significant effect on the severity of the credit crunch. However, the composition of capital flows matters: pre-crisis exposure to non-FDI capital inflows worsens the credit crunch, while exposure to FDI alleviates the liquidity constraint. Similar results also hold surrounding the Lehman Brothers bankruptcy
Balance Of Payment Crises And Capital Flows
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Author : Ilan Goldfajn
language : en
Publisher:
Release Date : 1997
Balance Of Payment Crises And Capital Flows written by Ilan Goldfajn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Balance of payments categories.
Capital Flows Credit Transmission And The Currency Crisis In Southeast Asia
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Author : Ramkishen S. Rajan
language : en
Publisher:
Release Date : 2000
Capital Flows Credit Transmission And The Currency Crisis In Southeast Asia written by Ramkishen S. Rajan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Capital movements categories.