Regional and Global Capital Flows: Macroeconomic Causes and Consequences (Nber-East Asia Seminar on Economics, Vol 10)
Hawaii) Nber-East Asia Seminar on Economics 1999 Kailua Kona, Anne O. Krueger, Takatoshi ItoISBN: 0226386767; 9780226386768;
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.