Capital Account Regimes and the Developing Countries [Paperback]

An authoritative assessment of the debate over the role of volatile private capital flows and their impact on developing countries. The book outlines the long history of concern about these issues, going back to preparations for the Bretton Woods agreement. It assesses their acceleration with the growth of international capital and looks at key case studies from Latin America, Asia and Africa to assess the possibilities and problems for national and international policy responses.List of Figures List of Tables Notes on the Contributors Preface to the 1999 Reprint List of Abbreviations Capital Account Regimes and the Developing Countries: Issues and Approaches; G. K. Helleiner Capital Account Regulations and Macroeconomic Policy: Two Latin American Experiences; G. Le Fort and C. Budnevich Managing Foreign Capital Flows: The Experiences of the Republic of Korea, Thailand, Malaysia and Indonesia; Y. Chul Park and C. Song Capital Inflows and Macroeconomic Policy in Sub-Saharan Africa; L. Kasekende, D. Kitabire and M. Martin A New Facility for the IMF?; J. Williamson Cross-Border Payments Taxes and Alternative Capital Account Regimes; R. Dornbusch Issues Relating to the Treatment of Capital Movements in the IMF; A. Mohammed Appendices IndexCARLOS BUDNEVICH Manager of Financial Analysis, Banco Central de ChileRUDI DORNBUSCH Ford Professor of Economics and International Management at the Massachusetts Institute of TechnologyLOUIS AUSTIN KASEKENDE Executive Director, Research and Policy Function, Bank of UgandaDAMONI KITABIRE Director of Budget, Ministry of Finance, UgandaGUILLERMO R. Le FORT-BARELA Head of the International Division of the Central Bank of ChileMATTHEW MARTIN Director of External Finance for AfricaAZIZ ALI MOHAMMED Former Head of the G-24 Liaison Office in WashingtonYUNG CHUL PARK Professor of Economics, Korea UniversityCHI-YOUNG SONG Research Fellow, Korea Institute of FinanceJOHN WILLIAMSON Senior Fellow, Institute for International Economics in WashingtolóT