Capital without borders [electronic resource] : challenges to development / edited by Ashwini Deshpande.

Conference on Development and Change Corporate Author
London ; New York : Anthem Press, 2010.
Conference Name:
Conference on Development and Change (2nd : 2006 : Campos do Jordão, Brazil)
Conference on Development and Change
Anthem Press India
Anthem Press India
1 online resource (250 p.)
Capital movements -- Congresses.
International finance -- Congresses.
Investments, Foreign -- Congresses.
Electronic books.
This volume examines different facets of international capital movements - the role of openness, the implications of large inflows of foreign capital and the impact of regulatory frameworks - from the point of view of the global South.
Front Matter; Half Title; Title; Copyright; Table of Contents; Acknowledgements; List of Contributors; Main Body; Chapter 1. Introduction, by Ashwini Deshpande; Note; Chapter 2. How Financial Liberalization Led in the 1990's to Three Different Cycles of 'Manias, Panics and Crashes' in Middle-Income Families, by Jose Gabriel Palma; 2.1. Introduction; 2.2. The 'Three Routes' to Financial Crisis; 2.3. The Latin American Story: To Sterilise or Not to Sterilise a Mainly 'Exogenous Push' of Foreign Capital - Route-1 vs. Route-2
2.4. The East Asia Story of an 'Endogenous Pull' of Foreign Capital: The Cost of Maintaining High Levels of Investment in the Face of Rapidly Falling Profits2.5. The Day of Reckoning; 2.6. Conclusions; Notes; References; Chapter 3. Timing the Mexican 1994-95 Financial Crisis Using a Markov Switching Approach, by Moritz Cruz and Edmund Amann; 3.1. Abstract; 3.2. Introduction; 3.3. Minsky's Financial Instability Hypothesis and the M2/R Ratio; 3.4. Timing the 1994-95 Mexican Financial Crisis; 3.5. Conclusions; Notes; References
Chapter 4. Exchange Rates, Growth and Inflation: What if the Income Elasticities of Trade Flows Respond to Relative Prices? by Nelson H. Barbosa-Filho 4.1. Abstract; 4.2. Introduction; 4.3. Two Views on the Balance-of-Payments Constraint; 4.4. Exchange Rates and Growth in the Long Run; 4.5. Inflation Targeting and Exchange Rates; Notes; References; Chapter 5. Alternative Measures of Currency and Asset Substitution: The Case of Turkey, by A. Ozden Birkan; 5.1. Abstract; 5.2. Introduction; 5.3. Turkish Economy 1989-2007; 5.4. The Model; 5.5. The Empirical Investigation
5.6. Testing for the AS Hypothesis 5.7. Irreversability in CS/AS?; 5.7. Conclusion; Appendix; Notes; References; Chapter 6. Competitive Diversification in Resource Abundant Countries: Argentina After the Collapse of the Convertibility Regime, by Leandro Serino; 6.1. Introduction; 6.2. The Scandinavian Model; 6.3. The Model; 6.4. Structural Constraints to Productive Diversification in Resource Rich South American Countries; 6.5. Positive Natural Resource Shocks and the Internal Balance; 6.6. Positive Natural Resource Shocks and the External Balance; 6.7. Macroeconomic Diversification Policies
6.8. Exchange Rate Devaluations: The 'General' Case 6.9. Exchange Rate Devalutations in Wage-Goods Exporting Countries; 6.10. Exchange Rate Devaluations and Devaluation Rents; 6.11. A Compensated Devaluation Regime; 6.12. Do Macroeconomic Policies Suffice?; 6.13. Some Final Comments; Appendix; Notes; References; Chapter 7. Foreign Portfolio Investment, Stock Market and Economic Development: A Case study in India, by Parthapratim Pal; 7.1. Abstract; 7.2. Introduction; 7.3. How Foreign Portfolio Flow Can Help an Economy; 7.4. Portfolio Capital Flow and India: The Empirical Evidence
7.5. Possible Reasons behind the Dichotomy of Secondary and Primary Market
"This volume is a collection of selected papers, addressing the broad theme of international capital flows, from the second ACDC [held at Campos do Jordao in Brazil in November 2006]"--Acknowledgements.
Includes bibliographical references.
Deshpande, Ashwini, 1965-
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