Financial globalization and economic performance [Research Reviews]

Calvo, Guillermo A. (1998), 'Capital flows and capital-market crises: The simple economics of sudden stops', Journal of Applied Economics, 1 (1), 35-54. -- Calvo, Guillermo A., Leonardo Leiderman and Carmen M. Reinhart (1996), 'Inflows of capital to developing countries in the 1990s&#...

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Bibliographic Details
Main Author: Visser, Hans
Format: eBook
Language:English
Published: Cheltenham Edward Elgar Pub. Ltd 2011
Series:Elgar research reviews in economics
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Collection: Edward Elgar eBook Archive - Collection details see MPG.ReNa
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Summary:Calvo, Guillermo A. (1998), 'Capital flows and capital-market crises: The simple economics of sudden stops', Journal of Applied Economics, 1 (1), 35-54. -- Calvo, Guillermo A., Leonardo Leiderman and Carmen M. Reinhart (1996), 'Inflows of capital to developing countries in the 1990s', Journal of Economic Perspectives, 10 (2), 123-139. -- Caves, Richard E. and Harry G. Johnson, eds (1968), Readings in International Economics, London: George Allen and Unwin. -- Chinn, Menzie David and Hiro Ito (2006), 'What matters for financial development? Capital controls, institutions, and interactions', Journal of Development Economics, 81 (1), 163-192. -- Cooper, R.N., ed. (1969), International Finance, Harmondsworth, Middlesex: Penguin Books. -- Corsetti, Giancarlo, Paolo Pesenti and Nouriel Roubini (1999), 'What caused the Asian currency and financial crisis?', Japan and the World Economy, 11 (3), 305-373. --
Jagdish Bhagwati (1998), 'The Capital Myth: The Difference Between Trade in Widgets and Dollars', Foreign Affairs, 77 (3), May-June, 7-12 -- Barry P. Bosworth and Susan M. Collins (1999), 'Capital Flows to Developing Economies: Implications for Saving and Investment', Brookings Papers on Economic Activity, 1 (1), 143-80 -- Barry Eichengreen (2001), 'Capital Account Liberalization: What Do Cross-Country Studies Tell Us?', World Bank Economic Review, 15 (3), 341-65 -- Hali J. Edison, Ross Levine, Luca Ricci and Torsten Sløk (2002), 'International Financial Integration and Economic Growth', Journal of International Money and Finance, 21, 749-76 -- Carlos Arteta and Charles Wyplosz (2003), 'When Does Capital Account Liberalization Help More than it Hurts?', in Barry Eichengreen (ed.), Capital Flows and Crises, Chapter 4, Cambridge, MA: MIT Press, 71-96, references --
Kose, M. Ayhan, Eswar Prasad and Marco Terrones (2009), 'Does openness to international financial flows raise productivity growth?', Journal of International Money and Finance, 28 (4), 554-580. -- Kose, M. Ayhan, Eswar Prasad, Shang-Jin Wei and Kenneth Rogoff (2009), 'Financial globalization: A reappraisal', IMF Staff Papers, 56 (1), 8-62. -- MacDougall, G.A.D.. (1960), 'The benefits and costs of private investment from abroad: A theoretical approach', Economic Record, 36, Special Issue, March, 13-35. Also published in Bulletin of the Oxford University Institute of Statistics, 22 (3), 1960, 180-211. Reprinted in Richard E.Caves and Harry G. Johnson, eds (1968), Readings in International Economics, London: George Allen and Unwin and in J.H. Dunning, ed. (1972), International Investment, Harmondsworth, Penguin 1972. -- Mishkin, Frederic S. (2007), 'Is financial globalization beneficial?', Journal of Money, Credit, and Banking, 39 (2-3), 259-294. --
Husted, Steven and Ronald MacDonald (1999), 'The Asian currency crash: were badly driven fundamentals to blame?', Journal of Asian Economics, 10 (4), 537-550. -- Kose, M. Ayhan, Eswar S. Prasad and Marco E. Terrones (2003), 'Financial integration and macroeconomic volatility', IMF Staff Papers, 50 (Special Issue), 119-42
Obstfeld, Maurice (2009), International Finance and Growth in Developing Countries: What Have We Learned?, NBER Working Paper w14691. -- Ostry, Jonathan D., Atish R. Ghosh, Karl Habermeier, Marcos Chamon, Mahvash S. Qureshi and Dennis B.S. Reinhardt (2010), Capital Inflows: The Role of Controls, IMF Staff Position Note SPN/10/04. -- Pavlova, Anna and Roberto Rigobon (2011), International Macro-Finance, CEPR Discussion Paper DP8218. -- Prasad, Eswar S. and Raghuram G. Rajan (2008), 'A pragmatic approach to capital account liberalization', Journal of Economic Perspectives, 22 (3), 149-172. -- Prati, Alessandro, Martin Schindler and Patricio Valenzuela (2009, Who Benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Ratings Data, IMF Working Paper No. 09/210. -- Reinhart, Carmen M. and Kenneth Rogoff (2009), This Time Is Different: Eight Centuries of Financial Folly, Princeton, NJ: Princeton University Press. --
The past decade has witnessed a surge in interest in the area of financial globalization and economic performance. This was stimulated by the 1997-1998 Asian financial crisis after plans to adopt full capital account liberalization by IMF member states failed. Scholars have since focused on the dangers that may result from foreign-exchange crises and increased market volatility. This essential volume brings together the seminal contributions to this important field and will be of great value to lectures and students, as well as politicians and officials involved in international economic policy making
Guillermo A. Calvo (1998), 'Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops', Journal of Applied Economics, 1 (1), 35-54 -- Joseph E. Stiglitz (2004), 'Capital-Market Liberalization, Globalization, and the IMF', Oxford Review of Economic Policy, 20 (1), 57-71 -- Geert Bekaert, Campbell R. Harvey and Christian Lundblad (2006), 'Growth Volatility and Financial Liberalization', Journal of International Money and Finance, 25 (3), 370-403 -- M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones (2007), 'How Does Financial Globalization Affect Risk Sharing? Patterns and Channels', IMF Working Paper No. 07/238, 1-41 -- Olivier Blanchard (2009), 'The Crisis: Basic Mechanisms, and Appropriate Policies', IMF Working Paper No. 09/80, 1-22 -- Todd Mitton (2006), 'Stock Market Liberalization and Operating Performance at the Firm Level', Journal of Financial Economics, 81 (3), September, 625-47 -- Kristin J. Forbes (2007), 'One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smaller Traded Firms', Journal of International Economics, 71 (2), 294-323 -- Robert E. Lucas, Jr (1990), 'Why Doesn't Capital Flow from Rich to Poor Countries?', American Economic Review, 80 (2), May, 92-6 -- Carmen M. Reinhart and Kenneth S. Rogoff (2004), 'Serial Default and the "Paradox " of Rich-to-Poor Capital Flows', American Economic Review, 94 (2), May, 53-8 -- Eswar Prasad, Raghuram Rajan and Arvind Subramanian (2007), 'The Paradox of Capital', Finance and Development, 44 (1), March, 16-19 -- Ajit Singh and Ann Zammit (2000), 'International Capital Flows: Identifying the Gender Dimension', World Development, 28 (7), 1249-68 -- Philip Arestis and Asena Caner (2010), 'Capital Account Liberalisation and Poverty: How Close is the Link?', Cambridge Journal of Economics, 34 (2), 295-323
Stiglitz, Joseph E. and Andrew Weiss (1981), 'Credit rationing in markets with imperfect information', American Economic Review, 71 (3), 393-410. -- Thiel, Eva (2003), 'Recent codes-based liberalization in the OECD', Ch. 5 in Age F.P. Bakker and Bryan Chapple (eds), Capital Liberalization in Transition Countries; Lessons from the Past and for the Future, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing. -- Tobin, James (1974), The New Economics One Decade Older, Princeton, NJ: Princeton University Press. -- Visser, Hans (2004), A Guide to International Monetary Economics, 3rd edn, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing. -- Wyplosz, Charles (2002), 'How risky is financial liberalization in the developing countries?', Comparative Economic Studies, 44 (2), 1-26. -- Yeager, Leland B. (1966), International Monetary Relations: Theory, History, and Policy, New York: Harper & Row. --
Rodrik, Dani and Arvind Subramanian (2009), 'Why did financial globalization disappoint?', IMF Staff Papers, 56 (1), 112-138. -- Scobie, James R. (1971), Argentina, 2nd edn, New York: Oxford University Press. -- Stiglitz, Joseph E. (2000), 'Capital market liberalization, economic growth, and instability', World Development, 28 (6), 1075-1086. -- Stiglitz, Joseph E. (2002), Globalization and Its Discontents, New York: Norton
Recommended readings (Machine generated): Ang, James B. (2008), 'A survey of recent developments in the literature of finance and growth', Journal of Economic Surveys, 22 (3), 536-576. -- Arestis, Philip and Asena Caner (2010), 'Capital account liberalization and poverty: How close is the link?', Cambridge Journal of Economics, 34 (2), 295-323. -- Baharumshah, Ahmad Zubaidi and Marwan Abdul-Malik Thanoon (2006), 'Foreign capital flows and economic growth in East Asian countries', China Economic Review, 17 (1), 70-83. -- Bakker, Age F.P. (2003), 'Advanced country experiences with capital account liberalization', Ch. 2 in Age F.P. Bakker and Bryan Chapple, eds, Capital Liberalization in Transition Countries: Lessons from the Past and for the Future, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing. -- Brixiova, Zuzana, Laura Vartia and Andreas Wörgötter (2010) , 'Capital flows and the boom-bust cycle: The case of Estonia', Economic Systems, 34 (1), 55-72. --
Peter Blair Henry (2007), 'Capital Account Liberalization: Theory, Evidence, and Speculation', Journal of Economic Literature, XLV (4), December, 887-935 -- Guillermo A. Calvo, Leonardo Leiderman and Carmen M. Reinhart (1996), 'Inflows of Capital to Developing Countries in the 1990s', Journal of Economic Perspectives, 10 (2), Spring, 123-39 311
Mishkin, Frederic S. (2009), 'Why we shouldn't turn our backs on financial globalization', IMF Staff Papers, 56 (1), 139-170. -- Nadal-De Simone, Francisco and Piritta Sorsa (1999), A Review of Capital Account Restrictions in Chile in the 1990s, IMF Working Paper WP/99/52. -- North, Douglass C. (1962), 'International capital movements in historical perspective', in R.F. Mikesell (ed.), US Private and Government Investment Abroad, Eugene: University of Oregon Books, 10-43. Reprinted in R.C. Michie, Commercial and Financial Services, Blackwell: Oxford 1994, 332-365. -- Nurkse, R. (1954), 'International investment today in the light of nineteenth-century experience', Economic Journal, 64 (256), December, 744-758. Reprinted in R.N. Cooper (ed.), International Finance, Harmondsworth, Middlesex: Penguin Books 1969 (where incorrect page numbers are given). -- Obstfeld, Maurice (1998), 'The global capital market: Benefactor or menace?', Journal of Economic Perspectives, 12 (4), 9-30. --
de Gregorio, José, Sebastian Edwards and Rodrigo O. Valdés (2000), 'Controls on capital inflows: Do they work?', Journal of Development Economics, 63 (1), 59-83. -- Diaz-Alejandro, Carlos (1985), 'Good-bye financial repression, hello financial crash', Journal of Development Economics, 19 (1-2), 1-24. -- Dunning, John R., ed. (1972), International Investment, Harmondsworth, Middlesex: Penguin Books. -- Edison, Hali J., Michael W. Klein, Luca Antonio Ricci and Torsten Sløk (2004), 'Capital account liberalization and economic performance: Survey and synthesis', IMF Staff Papers, 51 (4), 220-256. -- Edwards, Sebastian (2001), Capital Flows and Economic Performance: Are Emerging Economies Different?, NBER Working Paper No. 8076. -- Ghosh, Atish R. and J.D. Ostry (1995), 'The current account in developing countries: A perspective from the consumption-smoothing approach,' World Bank Economic Review, 9 (2), 305-333. --
Robert Pringle (1989), 'Foreign Lending Revisited 1880-1980', in Donald E. Fair and Christian de Boissieu (eds), The International Adjustment Process: New Perspectives, Recent Experience, and Future Challenges for the Financial System, Chapter XXI, Dordrecht, The Netherlands: Kluwer Academic Publishers, 363-84 -- Alan M. Taylor and Jeffrey G. Williamson (1994), 'Capital Flows to the New World as an Intergenerational Transfer', Journal of Political Economy, 102 (2), April, 348-71 -- James R. Lothian (2002), 'The Internationalization of Money and Finance and the Globalization of Financial Markets', Journal of International Money and Finance, 21 (6), 699-724 -- Dennis Quinn (1997), 'The Correlates of Change in International Financial Regulation', American Political Science Review, 91 (3), September, 531-51 -- Dani Rodrik (1998), 'Who Needs Capital-Account Convertibility?', in Should the IMF Pursue Capital-Account Convertibility?, Essays in International Finance, 207, May, 55-65 --
Physical Description:1 v
ISBN:9781784712983