TY - GEN T1 - Capital flows and financial crises A2 - Kahler, Miles, 1949- LA - English PP - Ithaca, N.Y. PB - Cornell University Press YR - 1998 UL - https://ebooks.jgu.edu.in/Record/jstor_eba_ocn697714538 AB - Capital flows to the developing economies have long displayed a boom-and-bust pattern. Rarely has the cycle turned as abruptly as it did in the 1990s, however: surges in lending were followed by the Mexican peso crisis of 1994-95 and the sudden collapse of currencies in Asia in 1997. This volume maps a new and uncertain financial landscape, one in which volatile private capital flows and fragile banking systems produce sudden reversals of fortune for governments and economies. This environment creates dilemmas for both national policymakers who confront the "mixed blessing" of capital inflows and the international institutions that manage the recurrent crises. The authors-leading economists and political scientists-examine private capital flows and their consequences in Latin America, Pacific Asia, and East Europe, placing current cycles of lending in historical perspective. National governments have used a variety of strategies to deal with capital-account instability. The authors evaluate those responses, prescribe new alternatives, and consider whether the new circumstances require novel international policies OP - 268 CN - HG5993 .C364 1998 SN - 9781501731402 SN - 1501731408 SN - 080143579X SN - 9780801435799 SN - 0801485622 SN - 9780801485626 SN - 0719056497 SN - 9780719056499 KW - Capital movements : Developing countries. KW - International finance. KW - Mouvements de capitaux : Pays en voie de développement. KW - Finances internationales. KW - BUSINESS & ECONOMICS : Banks & Banking. KW - Capital movements KW - International finance KW - Developing countries KW - Finanzwirtschaft KW - Krise KW - Internationale Kapitalbewegung KW - Entwicklungsländer KW - Kapitaalverkeer. KW - Financiële crises. KW - Crises boursières. ER -