List Books » From Capital Surges to Drought: Seeking Stability for Emerging Economies (Studies in Development Economics and Policy Series)
Authors: Ricardo Ffrench-Davis (Editor), Stephany Griffith-Jones
ISBN-13: 9781403916310, ISBN-10: 1403916314
Format: Hardcover
Publisher: Palgrave Macmillan
Date Published: January 2004
Edition: (Non-applicable)
Ricardo Ffrench-Davis is Professor of Economics, University of Chile.
Stephany Griffith-Jones is a Fellow, Institute of Development Studies, University of Sussex.
Senior bankers, regulators, and well-known academics explain the behavior of different players. The book breaks new ground by showing in detail how such behavior has contributed to the decline of flows and their volatility. The book suggests what coping mechanisms developing countries could adopt to deal with crisis situations; what measures should be taken at the national and international levels to make recipient countries less vulnerable to international financial instability; how such instability can be reduced; and what can be done on the source countries to encourage larger more stable capital flows to developing countries.
List of Tables | ||
List of Figures | ||
Preface | ||
Acknowledgements | ||
List of Abbreviations | ||
Notes on the Contributors | ||
1 | Capital Flows of Emerging Economies: Does the Emperor Have Clothes? | 1 |
2 | Financial Crises and National Policy Issues: An Overview | 20 |
3 | Liquidity Black Holes: Why Modern Financial Regulation in Developed Countries is Making Short-Term Capital Flows to Developing Countries Even More Volatile | 45 |
4 | International Bank Lending: Water Flowing Uphill? | 59 |
5 | Bank Lending to Emerging Markets: Crossing the Border | 81 |
6 | Derivatives, the Shape of International Capital Flows and the Virtues of Prudential Regulation | 93 |
7 | Ratings since the Asian Crisis | 119 |
8 | Proposals for Curbing the Boom-Bust Cycle in the Supply of Capital to Emerging Markets | 139 |
9 | Corporate Risk Management and Exchange Rate Volatility in Latin America | 159 |
10 | The New Basel Capital Accord and Developing Countries: Issues, Implications and Policy Proposals | 181 |
11 | The Instability of the Emerging-Market Assets Demand Schedule | 191 |
12 | Capital Account and Countercyclical Prudential Regulations in Developing Countries | 217 |
13 | How Optimal are the Extremes? Latin American Exchange Rate Policies during the Asian Crisis | 245 |
14 | Countercyclical Fiscal Policy: A Review of the Literature, Empirical Evidence and Some Policy Proposals | 269 |
15 | Financial Regulation and Supervision in Emerging Markets: The Experience of Latin America since the Tequila Crisis | 292 |
Index | 317 |