TY  - GEN
AB  - 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.
AU  - Eichengreen, Barry J.
CN  - HG3891
CY  - Cambridge, Mass. :
DA  - ©2003.
ID  - 1385923
KW  - Capital movements.
KW  - Financial crises.
KW  - International finance.
KW  - ECONOMICS/Finance
KW  - ECONOMICS/Macroeconomics
LK  - https://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/1731.001.0001?locatt=mode:legacy
LK  - http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
N2  - 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.
PB  - MIT Press,
PP  - Cambridge, Mass. :
PY  - ©2003.
SN  - 9780262272186
SN  - 0262272180
SN  - 0585446733
SN  - 9780585446738
T1  - Capital flows and crises /
TI  - Capital flows and crises /
UR  - https://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/1731.001.0001?locatt=mode:legacy
UR  - http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
ER  -