Capital mobility is a double-edged sword for emerging economies, as governments must weigh the benefits of investment against the potential economic costs and political consequences of currency crises, devaluations, and instability. Financial Markets Volatility and Performance in Emerging Markets addresses the delicate balance between capital mobility and capital controls as developing countries navigate the convoluted global network of private investors, hedge funds, large corporations, and international institutions such as the International Monetary Fund. A group of experts here examine rapidly globalizing financial markets with regard to capital flows and crises, domestic credit, international financial integration, and economic policy. Featuring detailed analyses and cross-national comparisons of countries such as Brazil, Argentina, Uruguay, and Korea, this book will shape economistsa and policymakersa understanding of the effectiveness of restrictions on capital mobility in the worldas most fragile economies.Sebastian Edwards is the Henry Ford II Professor of International Business Economics at the Anderson Graduate School of ... (A National Bureau of Economic Research conference report) Includes bibliographical references and index.
|Title||:||Financial Markets Volatility and Performance in Emerging Markets|
|Author||:||Sebastian Edwards, Márcio G. P. Garcia|
|Publisher||:||University of Chicago Press - 2008-09-15|