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This book will be of particular relevance for readers interested in a thorough analysis of international capital flows, their determinants and their macroeconomic implications. It also provides information about the origines of international financial crisis and assess proposals to overcome and avoid financial crisis in the future.
The book is an outcome of a conference held at the Kiel Institute of World Economics. The papers cover the track record of financial integration, the changing structure of financial markets and the implications for macroeconomics and growth. Particular emphasis is placed on the various financial crises of the 1990s and on proposals for a reform of the international financial system.
List of contents
Financial Market Integration: The Track Record: The Growth and Volatility of International Capital Flows: Reconciling the Evidence.- The Management of Financial Crises.- The Changing Structure of Financial Markets: The Structure of International Capital Flows:- The Blurring Borders of Banking.- Corporate Control in Europe.- New Conditions for Macroeconomics and Growth: Increased Capital Mobility: A Challenge for National Macroeconomic Policies.- Increased Capital Mobility: A Challenge for the Regulation of Capital Markets.- Capital Mobility and Economic Performance: Are Emerging Economies Different?.- Designing the Institutional Setup of Financial Markets: External Capital Structure: Theory and Evidence.- The International Lender of Last Resort: What Are the Issues?
Summary
This book will be of particular relevance for readers interested in a thorough analysis of international capital flows, their determinants and their macroeconomic implications. It also provides information about the origines of international financial crisis and assess proposals to overcome and avoid financial crisis in the future.
The book is an outcome of a conference held at the Kiel Institute of World Economics. The papers cover the track record of financial integration, the changing structure of financial markets and the implications for macroeconomics and growth. Particular emphasis is placed on the various financial crises of the 1990s and on proposals for a reform of the international financial system.
