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Regional and Global Capital Flows – Macroeconomic Causes and Consequences - Chicago Scholarship Online
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Regional and Global Capital Flows: Macroeconomic Causes and Consequences

Takatoshi Ito Ito and Anne O. Krueger

Abstract

The volume of capital flows between industrial and developing countries has grown dramatically in the past decade and has become a major issue in a world that is increasingly “globalized.” Here, two experts on this topic have assembled a group of scholars who address different types of capital flows—bank lending, bonds, direct foreign investment—and the implications they hold for economic performance. With its particular focus on the Asian financial crises, this work presents a new model which is concerned with the role of private capital flows.

Keywords: capital flows, industrial countries, developing countries, bank lending, bonds, direct foreign investment, economic performance, Asian financial crises, policy makers

Bibliographic Information

Print publication date: 2001 Print ISBN-13: 9780226386768
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226387017.001.0001

Authors

Affiliations are at time of print publication.

Takatoshi Ito Ito, editor

Anne O. Krueger, editor

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Contents

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Front Matter

Title Pages

[UNTITLED]

National Bureau of Economic Research

Acknowledgments

Introduction

Takatoshi Ito and Anne O. Krueger

1 Fundamental Determinants of the Asian Crisis

Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini

2 Lending Booms and Currency Crises

Aaron Tornell

3 Bank Lending and Contagion

Graciela L. Kaminsky and Carmen M. Reinhart

4 The Impacts of Bank Loans on Economic Development

Shin-ichi Fukuda

5 How Were Capital Inflows Stimulated under the Dollar Peg System?

Eiji Ogawa and Lijian Sun

6 Sterilization and the Capital Inflow Problem in East Asia, 1987–97

Shinji Takagi and Taro Esaka

7 Credibility of Hong Kong's Currency Board

Yum K. Kwan, Francis T. Lui, and Leonard K. Cheng

8 How Japanese Subsidiaries in Asia Responded to the Regional Crisis

Kyoji Fukao

9Social Benefits and Losses from FDI

Assaf Razin, Efraim Sadka, and Chi-Wa Yuen

10 Currency Crisis of Korea

Dongchul Cho and Kiseok Hong

End Matter

Contributors

Author Index

Subject Index