Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences
Online ISBN:
9780226184999
Print ISBN:
9780226184975
Publisher:
University of Chicago Press
Book
Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences
Published online:
21 February 2013
Published in print:
1 May 2007
Online ISBN:
9780226184999
Print ISBN:
9780226184975
Publisher:
University of Chicago Press
Cite
OXFORD ACADEMIC STYLE
Edwards, Sebastian (ed.), Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences (Chicago, IL , 2007; online edn, Chicago Scholarship Online, 21 Feb. 2013), https://doi.org/10.7208/chicago/9780226184999.001.0001, accessed 3 May 2025.
CHICAGO STYLE
Edwards, Sebastian (ed.). Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences. University of Chicago Press, 2007. Chicago Scholarship Online, 2013. https://doi.org/10.7208/chicago/9780226184999.001.0001.
Abstract
Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. This book examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations. In the aftermath of the East Asian currency crises of 1997, this book considers mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity of the resulting external debt and reducing macroeconomic vulnerability.
Contents
-
Front Matter
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Introduction
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I Capital Controls in the Emerging Countries: Analytical Issues and Cross-Country Evidence
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1
Capital Flows in a Globalized World: The Role of Policies and Institutions
Laura Alfaro and others
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2
Capital Controls, Sudden Stops, and Current Account Reversals
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3
Currency Mismatches, Debt Intolerance, and Original Sin: Why They Are Not the Same and Why It Matters
Barry Eichengreen and others
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4
The Microeconomic Evidence on Capital Controls: No Free Lunch
Kristin J. Forbes
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5
The International Exposure of U.S. Banks: Europe and Latin America Compared
Linda S. Goldberg
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1
Capital Flows in a Globalized World: The Role of Policies and Institutions
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II Country Studies
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6
International Borrowing, Capital Controls, and the Exchange Rate: Lessons from Chile
Kevin Cowan andJosé De Gregorio
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7
International Borrowing and Macroeconomic Performance in Argentina
Kathryn M. E. Dominguez andLinda L. Tesar
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8
Capital Flows and Controls in Brazil: What Have We Learned?
Ilan Goldfajn andAndré Minella
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9
The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
Eswar Prasad andShang-Jin Wei
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10
South Korea's Experience with International Capital Flows
Marcus Noland
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11
Malaysian Capital Controls: Macroeconomics and Institutions
Simon Johnson and others
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12
Capital Flows and Exchange Rate Volatility: Singapore's Experience
Basant K. Kapur
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13
India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit
Ajay Shah andIla Patnaik
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14
Capital Controls: An Evaluation
Nicolas Magud andCarmen M. Reinhart
-
6
International Borrowing, Capital Controls, and the Exchange Rate: Lessons from Chile
-
End Matter
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