Finance & Development, March 2007

Finance & Development, March 2007
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Volume/Issue: Volume 0044 Issue 001
Publication date: March 2007
ISBN: 9781451953787
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Finance , Economics- Macroeconomics , Money and Monetary Policy , FD , F&D , market , mining commodity , country focus , exchange rate , market rate , PPP rate , IMF study , Capital flows , Financial sector development , Capital account liberalization , Emerging and frontier financial markets , Current account deficits , Global , East Asia , Europe , Africa , Asia and Pacific

Summary

The Two Faces of Financial Globalization looks at the phenomenon of rising cross-border financial flows-credited with boosting growth in developing countries but also blamed for the emerging market crises of the late 1980s and 1990s. The lead article puts together a framework for analyzing studies about the costs and benefits of financial globalization. Other articles look at the worldwide allocation of capital, the role of finance in macroeconomic management, and changes in the investor base. "Picture This" illustrates the growth and direction of capital flows. One guest contributor describes India's capital account liberalization, and another looks at how participants in international finance can cope with a fluid financial landscape. "People in Economics" profiles Guillermo Calvo; "Back to Basics" explains the difference between the purchasing power parity exchange rate and market exchange rates as measures of global economic growth; and "Country Focus" spotlights Australia.