Capital Account Regimes and the Developing Countries

An authoritative assessment of the debate over the role of volatile private capital flows and their impact on developing countries. The book outlines the long history of concern about these issues, going back to preparations for the Bretton Woods agreement. It assesses their acceleration with the growth of international capital and looks at key case studies from Latin America, Asia and Africa to assess the possibilities and problems for national and international policy responses.

Autorentext

CARLOS BUDNEVICH Manager of Financial Analysis, Banco Central de Chile RUDI DORNBUSCH Ford Professor of Economics and International Management at the Massachusetts Institute of Technology LOUIS AUSTIN KASEKENDE Executive Director, Research and Policy Function, Bank of Uganda DAMONI KITABIRE Director of Budget, Ministry of Finance, Uganda GUILLERMO R. Le FORT-BARELA Head of the International Division of the Central Bank of Chile MATTHEW MARTIN Director of External Finance for Africa AZIZ ALI MOHAMMED Former Head of the G-24 Liaison Office in Washington YUNG CHUL PARK Professor of Economics, Korea University CHI-YOUNG SONG Research Fellow, Korea Institute of Finance JOHN WILLIAMSON Senior Fellow, Institute for International Economics in Washington

Zusammenfassung
It assesses their acceleration with the growth of international capital and looks at key case studies from Latin America, Asia and Africa to assess the possibilities and problems for national and international policy responses.

Inhalt
List of Figures List of Tables Notes on the Contributors Preface to the 1999 Reprint List of Abbreviations Capital Account Regimes and the Developing Countries: Issues and Approaches; G. K. Helleiner Capital Account Regulations and Macroeconomic Policy: Two Latin American Experiences; G. Le Fort and C. Budnevich Managing Foreign Capital Flows: The Experiences of the Republic of Korea, Thailand, Malaysia and Indonesia; Y. Chul Park and C. Song Capital Inflows and Macroeconomic Policy in Sub-Saharan Africa; L. Kasekende, D. Kitabire and M. Martin A New Facility for the IMF?; J. Williamson Cross-Border Payments Taxes and Alternative Capital Account Regimes; R. Dornbusch Issues Relating to the Treatment of Capital Movements in the IMF; A. Mohammed Appendices Index