Capital flows and financial crises

Capital flows and financial crises\n\nCapital flows and financial crises\n\nAuthor: Miles Kahler\nPublisher: Manchester University Press\n1998\nSoftcover\nISBN: 9780719056499\nCondition: Near Fine; Interior clean copy, no markings; appears unread.\nCapital flows to the developing economies have long displayed a \nboom-and-bust pattern. However, rarely has the cycle turned as abruptly \nas it did in the 1990s, when the surges in lending were followed by the \nMexican peso crisis of 1994-95, and the sudden collapse of currencies in\n Asia in 1997 and 1998. The volume maps an uncertain financial landscape\n in which volatile private capital flows and fragile banking systems \nproduce sudden reversals of fortune for governments and economies. This \nenvironment creates dilemmas for both national policy-makers who \nconfront the \""mixed blessing\"" of capital inflows and the international \ninstitutions that manage the recurrent crises. The authors - leading \neconomists and political scie.