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From Capital Surges to Drought

Seeking Stability for Emerging Economies

  • Ricardo Ffrench-Davis
  • Stephany Griffith-Jones
Book

Part of the Studies in Development Economics and Policy book series (SDEP)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Capital Flows to Emerging Economies: Does the Emperor Have Clothes?

  3. Financial Crises and National Policy Issues: An Overview

  4. The Supply of Capital

  5. National Policy Responses

  6. Back Matter
    Pages 317-340

About this book

Introduction

This book analyzes the new trends in capital flows to emerging markets since the Asian crisis, their determinants and policy implications. It explains why such flows have declined so dramatically in recent years, emphasising both structural and cyclical factors. Senior bankers, regulators, and well-known academics explain the behaviour of different players. The book breaks new ground by showing in detail how such behaviour has contributed to the decline of flows and their volatility. The book suggests what coping mechanisms developing countries could adopt to deal with crisis situations; what measures should be taken at the national and international levels to make recipient countries less vulnerable to international financial instability; how such instability can be reduced; and what can be done on the source countries to encourage larger more stable capital flows to developing countries.

Keywords

capital derivatives Developing Countries emerging markets fiscal policy instability liquidity management rating regulation Risk Management science and technology stability trends volatility

Editors and affiliations

  • Ricardo Ffrench-Davis
    • 1
  • Stephany Griffith-Jones
    • 2
  1. 1.UN Economic Commission for Latin America and the CaribbeanSantiagoChile
  2. 2.Institute of Development StudiesBrighton, SussexUK

Bibliographic information

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