Capital mobility, exchange rates, and economic crises [Book] / George Fane.

By:

Fane, George, 1944-

Material type: Text

TextPublication details: Northampton, MA, USA : Northampton, MA, USA : E. Elgar Pub., c2000.Description: xii, 225 p. : ill. ; 24 cmISBN:

1858987849
1843764733

Subject(s):

DDC classification:

332 .042 21

Other classification:

332.042

Summary: Recent crises in emerging markets have raised doubts about the desirability of relaxing controls on capital mobility. George Fane, however, uses evidence from the crises in Asia and Latin America to reassert the traditional case that such controls are an excessively blunt instrument for achieving financial stability. This book argues that recent official proposals for reforming the "international architecture" are also unlikely to reduce the frequency of currency and financial crises to an acceptable level. The author proposes an alternative plan to achieve greater financial stability, and that the implementation of this plan will be a far more effective way of enhancing financial stability than controlling international capital flows, or trying to force private lenders to make new loans to countries that suffer crises.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Junaid Zaidi Library, COMSATS University Islamabad	332.042 FAN-C (Browse shelf(Opens below))	Available		49889

Total holds: 0

Includes bibliographical references (p. 199-209) and index.

Recent crises in emerging markets have raised doubts about the desirability of relaxing controls on capital mobility. George Fane, however, uses evidence from the crises in Asia and Latin America to reassert the traditional case that such controls are an excessively blunt instrument for achieving financial stability. This book argues that recent official proposals for reforming the "international architecture" are also unlikely to reduce the frequency of currency and financial crises to an acceptable level. The author proposes an alternative plan to achieve greater financial stability, and that the implementation of this plan will be a far more effective way of enhancing financial stability than controlling international capital flows, or trying to force private lenders to make new loans to countries that suffer crises.

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