Coping with International Capital Flows
Synopsis
Private capital flows to developing countries have increased dramatically in the 1990s. The authors identify key concerns about the sustainability and volatility of these flows and make a number of recommendations for national macroeconomic management including improving crisis prevention measures.
Chapters
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Foreword
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Introduction and Conclusions
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Emerging Markets and the Volatility of International Capital A Historical Perspective
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Current Prospects
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Trade Liberalisation, Profitability, Investment and Savings, and Capital Flows
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The Challenge for National Macroeconomic Management
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Country Policies to Limit Capital Inflows
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Improving the International Monetary System
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Insolvency and Sovereign Debt Workouts
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References
