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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.
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CARLOS BUDNEVICH Manager of Financial Analysis, Banco Central de Chile RUDI DORNBUSCH Ford Professor of Economics and International Management at the Massachusetts Institute of Technology LOUIS AUSTIN KASEKENDE Executive Director, Research and Policy Function, Bank of Uganda DAMONI KITABIRE Director of Budget, Ministry of Finance, Uganda GUILLERMO R. Le FORT-BARELA Head of the International Division of the Central Bank of Chile MATTHEW MARTIN Director of External Finance for Africa AZIZ ALI MOHAMMED Former Head of the G-24 Liaison Office in Washington YUNG CHUL PARK Professor of Economics, Korea University CHI-YOUNG SONG Research Fellow, Korea Institute of Finance JOHN WILLIAMSON Senior Fellow, Institute for International Economics in Washington
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