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This book offers a comprehensive analysis of the problems that the current working of capital markets are generating on both developed and developing economies. It pays special attention to the reasons explaining the unstable and volatile working of international financial markets and to the consequences of that behaviour on both the economic performance of the involved countries and on the economic policies implemented.
List of contents
Notes on the Contributors Introduction; P.Arestis, J.Ferreiro & F.Serrano Disutility of International Debt: Analytical Results and Methodological Implications; G.Hannsgen On the Changing Nature of Currency Crises; K.Erturk Financial System Regulation; Stability versus Instability: Some Strategic Considerations; D.Cantarero & D.Ceballos The Bretton Woods Institutions Sixty Years Later: A 'Glocal' Reform Proposal; S.Rossi The Monetary Policy of the ECB and the FED: Credibility versus Confidence, a Comparative Approach; E.Le Heron & E.Carré The Case for Fiscal Policy; P.Arestis & M.Sawyer Is an Increase of the Fiscal Budget at EMU Level Desirable?; D.Furceri How Sensitive is the US Dollar to Economic Policy?; E.Karakitsos The Pattern of Inward FDI Geographical Distribution: Can Developing Countries Base their Development on these Flows?; C.Rodríguez, J.Ferreiro & C.Gómez Financial Deregulation and Capital Flows in Latin American Countries; E.Correa & G.Vidal The Impact of Multinational Banking on Domestic Banking; C.Gnos & L-P.Rochon Spanish FDI in Latin America, 1989 - 2004: A Constructivist Framework for Analysis; P.Toral Role of the International Monetary Fund in the Economic Policymaking and Growth of the Baltic Countries; U.Vaarja Index
About the author
DAVID CANTARERO Assistant Lecturer, University of Cantabria, Spain
EMMANUEL CARRÉ PhD. Student, University of Montesquieu-IFREDE, France
DAVID CEBALLOS Assistant Lecturer, University of Barcelona, Spain
EUGENIA CORREA Professor in Economic Finance, Mexico National University, Mexico
KORKUT ERTURK Associate Professor of Economics, University of Utah, USA
DAVIDE FURCERI PhD. Student, University of Illinois, USA
CLAUDE GNOS Associate Professor of Economics, University of Burgundy and Director, Center for Monetary and Financial Studies, France
CARMEN GÓMEZ Lecturer in Economics, University of the Basque Country, Spain
GREG HANNSGEN Research Associate, Levy Economics Institute of Bard College, USA
ELIAS KARAKITSOS Chairman, Global Economic Research and Associate Member, Cambridge Centre for Economic and Public Policy, University of Cambridge, UK
EDWIN LE HERON Maître de Conférences in Economics, Institut d'Etudes Politiques, France
LOUIS-PHILIPPE ROCHON Assistant Professor of Economics, Laurentian University, Canada
CARLOS RODRÍGUEZ Reader in Economics, University of the Basque Country, Spain
SERGIO ROSSI Assistant Professor of Economics, University of Fribourg and University of Lugano, Switzerland
MALCOLM SAWYER Professor of Economics and Pro Dean for Learning and Teaching, Leeds University Business School, UK
PABLO TORAL Mouat Junior Professor of International Studies, Beloit College, USA
ULVI VAARJA Lecturer in Macroeconomics and Money and Banking,Technical University of Tallinn and Senior Economist, Bank of Estonia, Estonia
GREGORIO VIDAL Professor in Economic Policy, Mexico Metropolitan University, Mexico
Summary
This book offers a comprehensive analysis of the problems that the current working of capital markets are generating on both developed and developing economies.
