Managing Capital Flows and Exchange Rates

Perspectives from the Pacific Basin

• Author(s): Reuven Glick,
• Publisher: Cambridge University Press
• Pages: 515
• ISBN_10: 0521623235
  ISBN_13: 9780521623230
  
• Language: en
• Categories: Business & Economics / Foreign Exchange , Business & Economics / Economics / Macroeconomics , Business & Economics / Money & Monetary Policy , Business & Economics / Economics / General , Business & Economics / International / Economics & Trade ,

Description:... The essays in this volume examine the theoretical and policy issues associated with international capital flows and exchange rates for emerging markets in the Pacific Basin region. Emerging market countries in both Asia and Latin America offer a wide variety of examples for the comparative study of the implications of international capital flow surges and appropriate policy responses. The essays address four broad issues. First, they investigate the determinants of international capital flows, particularly the relative role of domestic and external factors in driving capital flows. Second, they inquire how predictable and contagious capital flow reversals and exchange rate crises are. Third, they explore what the domestic economic effects of capital inflows on emerging economies have been, and finally seek to suggest what are the appropriate responses by policymakers to capital inflow surges.