Free Delivery Over $100
|
|
|||
|
||||
Overview"Recent crises in emerging markets have raised doubts about the desirability of relaxing controls on capital mobility. George Fane, however, uses evidence from the crises in Asia and Latin America to reassert the traditional case that such controls are an excessively blunt instrument for achieving financial stability. This book argues that recent official proposals for reforming the ""international architecture"" are also unlikely to reduce the frequency of currency and financial crises to an acceptable level. The author proposes an alternative plan to achieve greater financial stability, and that the implementation of this plan will be a far more effective way of enhancing financial stability than controlling international capital flows, or trying to force private lenders to make new loans to countries that suffer crises." Full Product DetailsAuthor: George FanePublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Edition: New edition Weight: 0.381kg ISBN: 9781843764731ISBN 10: 1843764733 Pages: 240 Publication Date: 28 May 2003 Audience: College/higher education , Undergraduate , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsContents: Preface 1. Introduction 2. Capital Controls and Exchange Controls 3. Capital Controls and Crisis Prevention: Four Case Studies 4. First and Second- Best Arguments for Capital Controls 5. Speculative Crises, Default and Contagion 6. Banks, Moral Hazard and Prudential Regulations 7. Monetary and Exchange Rate Policies 8. The Credibility of Monetary and Exchange Rate Policies 9. Reforming the International Financial Architecture References IndexReviews'This book is a significant and useful addition to the existing literature on the subject... it is a well documented study of the capital mobility and economic crises. It deals with highly topical subjects and recent events in a clear, accessible way. It gives an interesting and valuable insight into the very important issue in the international financial system. I strongly recommend the book for all those interested in the international financial market.' -- Zhaoyong Zhang, Economic Record 'This excellent book deals not only with capital market liberalization, capital controls, and recent crises, but also with the implications of international capital mobility for monetary and exchange rate policies, and for reform of the international architecture . On the basis of Fane's specialist knowledge it is particularly informative on capital market and exchange rate policies in East Asian developing economies. Fane analyzes highly topical subjects and recent events in a very clear, accessible way. The book can be strongly recommended both as a university text and as a reference for all interested in international financial markets.' -- W. Max Corden, Johns Hopkins University, US Author InformationGeorge Fane, Senior Fellow, Department of Economics, Research School of Pacific and Asian Studies, Australian National University, Australia Tab Content 6Author Website:Countries AvailableAll regions |
||||
