Capital Flows and Financial Crises - Couverture souple

Couverture souple

ISBN 10 : 0801485622 ISBN 13 : 9780801485626

Editeur : Cornell University Press, 1998

Synopsis

Capital flows to the developing economies have long displayed a boom-and-bust pattern. Rarely has the cycle turned as abruptly as it did in the 1990s, however: surges in lending were followed by the Mexican peso crisis of 1994-95 and the sudden collapse of currencies in Asia in 1997. This volume maps a new and uncertain financial landscape, one in which volatile private capital flows and fragile banking systems produce sudden reversals of fortune for governments and economies. This environment creates dilemmas for both national policymakers who confront the "mixed blessing" of capital inflows and the international institutions that manage the recurrent crises.The authors--leading economists and political scientists--examine private capital flows and their consequences in Latin America, Pacific Asia, and East Europe, placing current cycles of lending in historical perspective. National governments have used a variety of strategies to deal with capital-account instability. The authors evaluate those responses, prescribe new alternatives, and consider whether the new circumstances require novel international policies.

A propos du livre

À propos de l'auteur

Miles Kahler is the Rohr Professor of Pacific International Relations at the University of California, San Diego. He is the author of several books, including Governance in a Global Economy: Political Authority in Transition, and editor of The Politics of International Debt, also from Cornell.

Détails de l'édition

• Éditeur: Cornell University Press
• Date d'édition: 1998
• Langue: anglais
• ISBN 10: 0801485622
• ISBN 13: 9780801485626
• Reliure: Broché
• Nombre de pages: 288
• Éditeur: Kahler Miles
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible