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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

Sebastian Edwards (ed.)
Sebastian Edwards
(ed.)
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Published online:
21 February 2013
Published in print:
1 May 2007
Online ISBN:
9780226184999
Print ISBN:
9780226184975
Publisher:
University of Chicago Press

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.

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