Managing Capital Flows and Exchange Rates Perspectives from the Pacific Basin [Hardcover]

The essays in this volume provide a useful comparison of the experiences of emerging Pacific Basin countries in both Asia and Latin America.Emerging economies have been the beneficiaries of sharply increased volumes of international capital inflows in the last decade. These inflows have eased foreign financing constraints and offered the potential for higher investment and growth. At the same time, they have posed challenges for policy makers by threatening to fuel inflation, adversely affect international competitiveness, and undermine domestic banking stability. The essays in this volume provide a timely and useful comparison of the experiences of emerging Pacific Basin countries in both Asia and Latin America.Emerging economies have been the beneficiaries of sharply increased volumes of international capital inflows in the last decade. These inflows have eased foreign financing constraints and offered the potential for higher investment and growth. At the same time, they have posed challenges for policy makers by threatening to fuel inflation, adversely affect international competitiveness, and undermine domestic banking stability. The essays in this volume provide a timely and useful comparison of the experiences of emerging Pacific Basin countries in both Asia and Latin America.Emerging economies have been the beneficiaries of sharply increased volumes of international capital inflows in the past decade. These inflows have eased foreign financing constraints and offered the potential for higher investment and growth. At the same time, they have posed challenges for policy makers by threatening to fuel inflation, adversely affect international competitiveness, and undermine domestic banking stability. The essays in this volume provide a timely and useful comparison of the experiences of emerging Pacific Basin countries in both Asia and Latin America.1. Managing capital flows and exchange rates: overview Reuven Glick; Part I. Determinants of Capital Flows alS}