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Global Capital Flows: Should They Be Regulated?
by Stephany Griffith-jones, Contrib. By James Tobin
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Global Capital Flows examines the rapid growth and dramatic changes in capital flows globally and in emerging markets. In the context of relevant economic theory, it analyzes benefits and costs of large and volatile capital flows to developing countries; the latter include damaging currency crises in Mexico and East Asian economies. The book makes innovative proposals on how national governments--and especially--international organizations can best avoid such crises.
About the Author
Stephany Griffith-Jones is with the Institute of Development Studies at the University of Sussex.
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