NBER Books - Regional and Global Capital Flows: Macroeconomic Causes and Consequences

Regional and Global Capital Flows: Macroeconomic Causes and Consequences, NBER-EASE Volume 10
Takatoshi Ito and Anne O. Krueger, editors

The University of Chicago Press, 2001
Cloth: $75.00
392 pages
ISBN: 0-226-38676-7

Table of Contents:

    Takatoshi Ito and Anne O. Krueger

    1. Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances
    Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini
      Comment: Carmen M. Reinhart
      Comment: Aaron Tornell

    2. Lending Booms and Currency Crises: Empirical Link
    Aaron Tornell

      Comment: Shingji Takagi
      Comment: Chi-Wa Yuen

    3. Bank Lending and Contagion: Evidence from the Asian Crisis
    Graciela L. Kaminsky and Carmen M. Reinhart

      Comment: Eiji Ogawa
      Comment: Mahani Zainal-Abidin

    4. The Impacts of Bank Loans on Economic Development: An Implication for East Asia from an Equilibrium Contract Theory
    Shin-ichi Fukuda

      Comment: Takatoshi Ito
      Comment: Yukiko Fukagawa

    5. How Were Capital Inflows Stimulated under the Dollar Peg System?
    Eiji Ogawa and Lijian Sun

      Comment: Francis T. Lui
      Comment: Pranee Tinakorn

    6. Sterilization and the Capital Inflow Problem in East Asia, 1987-97
    Shinji Takagi and Taro Esaka

      Comment: Leonard K. Cheng
      Comment: Mahani Zainal-Abidin

    7. Credibility of Hong Kong's Currency Board: The Role of Institutional Arrangements
    Yum K. Kwan, Francis T. Lui and Leonard K. Cheng

      Comment: Shin-ichi Fukuda
      Comment: Takatoshi Ito

    8. How Japanese Subsidiaries in Asia Responded to the Regional Crisis: An Empirical Analysis Based on the MITI Survey
    Kyoji Fukao

      Comment: Mario B. Lamberte
      Comment: Assaf Razin

    9. Social Benefits and Losses from FDI: Two Nontraditional Views
    Assaf Razin, Efraim Sadka and Chi-Wa Yuen

      Comment: Anne O. Krueger
      Comment: Mario B. Lamberte

    10. Currency Crisis of Korea: Internal Weakness or External Interdependence
    Dongchul Cho and Kiseok Hong

      Comment: Nouriel Roubini
      Comment: Ponciano S. Intal, Jr.