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Capital Flows and Crises
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Capital Flows and Crises Paperback - 2004

by Barry Eichengreen


From the publisher

The implications of capital mobility for growth and stability are some of the most contentious and least understood contemporary issues in economics. In this book, Barry Eichengreen discusses historical, theoretical, empirical, and policy aspects of the effects, both positive and negative, of capital flows. He focuses on the connections between capital flows and crises as well as on those between capital flows and growth.

Eichengreen argues that international financial liberalization, like other forms of economic liberalization, can positively affect the efficiency of resource allocation and the rate of economic growth. But analyses of both recent and historical experience also show an undeniable association between capital mobility and crises, especially when domestic institutions are weak and the harmonization of capital account liberalization and other policy reforms is inadequate. In his conclusion, Eichengreen makes suggestions for policy design to maximize the benefits of international financial liberalization while minimizing the risks of financial instability.

First line

The implications of capital mobility for growth and stability is one of the most contentious and least understood issues of our day.

Details

  • Title Capital Flows and Crises
  • Author Barry Eichengreen
  • Binding Paperback
  • Pages 377
  • Volumes 1
  • Language ENG
  • Publisher MIT Press
  • Date September 1, 2004
  • Illustrated Yes
  • ISBN 9780262550598 / 0262550598
  • Weight 1.16 lbs (0.53 kg)
  • Dimensions 8.96 x 6 x 0.77 in (22.76 x 15.24 x 1.96 cm)
  • Ages 18 to UP years
  • Grade levels 13 - UP
  • Library of Congress subjects Financial crises, International finance
  • Library of Congress Catalog Number 2002071440
  • Dewey Decimal Code 332.042
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Capital Flows and Crises
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Capital Flows and Crises

by Eichengreen, Barry

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