Capital Controls and Capital Flows in Emerging Economies

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ISBN: 9780226184999

Acknowledgements

     Introduction
     Sebastian Edwards

I. CAPITAL CONTROLS IN EMERGING COUNTRIES: ANALYTICAL ISSUES AND CROSS-COUNTRY EVIDENCE

     1. Capital Flows in a Globalized World: The Role of Policies and Institutions
     Laura Alfaro, Sebnem Kalemli-Ozcan, and Vadym Volosovych
     Comment: Gerd Häusler

     2. Capital Controls, Sudden Stops, and Current Account Reversals
     Sebastian Edwards
     Comment: Alan M. Taylor

     3. Currency Mismatches, Debt Intolerance, and Original Sin: Why They Are Not the Same and Why It Matters
     Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza
     Comment: Joshua Aizenman

     4. The Microeconomic Evidence on Capital Controls: No Free Lunch
     Kristin J. Forbes
     Comment: Charles W. Calomiris

     5. The International Exposure of U.S. Banks: Europe and Latin America Compared
     Linda S. Goldberg
     Comment: Matías Braun

II. COUNTRY STUDIES

     6. International Borrowing, Capital Controls, and the Exchange Rate: Lessons from Chile
     Kevin Cowan and José De Gregorio

     7. International Borrowing and Macroeconomic Performance in Argentina
     Kathryn M. E. Dominguez and Linda L. Tesar
     Comment: Nicolas Magud

     8. Capital Flows and Controls in Brazil: What Have We Learned?
     Ilan Goldfajn and André Minella

     9. The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
     Eswar Prasad and Shang-Jin Wei

     10. South Korea's Experience with International Capital Flows
     Marcus Noland
     Comment: Gita Gopinath

     11. Malaysian Capital Controls: Macroeconomics and Institutions
     Simon Johnson, Kalpana Kochhar, Todd Mitton, and Natalia Tamirisa
     Comment: Peter Blair Henry

     12. Capital Flows and Exchange Rate Volatility: Singapore's Experience
     Basant K. Kapur
     Comment: Chair Chari

     13. India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit
     Ajay Shah and Ila Patnaik

     14. Capital Controls: An Evaluation
     Nicolas Magud and Carmen M. Reinhart

Contributors
Author Index
Subject Index