NBER Books - Regional and Global Capital Flows: Macroeconomic Causes and Consequences

Regional and Global Capital Flows: Macroeconomic Causes and Consequences, NBER-EASE Volume 10
Takatoshi Ito and Anne O. Krueger, editors

Table of Contents:

Introduction
Takatoshi Ito and Anne O. Krueger

1. Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances
Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini

Comment: Carmen M. Reinhart
Comment: Aaron Tornell


2. Lending Booms and Currency Crises: Empirical Link
Aaron Tornell


Comment: Shingji Takagi
Comment: Chi-Wa Yuen


3. Bank Lending and Contagion: Evidence from the Asian Crisis
Graciela L. Kaminsky and Carmen M. Reinhart


Comment: Eiji Ogawa
Comment: Mahani Zainal-Abidin


4. The Impacts of Bank Loans on Economic Development: An Implication for East Asia from an Equilibrium Contract Theory
Shin-ichi Fukuda


Comment: Takatoshi Ito
Comment: Yukiko Fukagawa


5. How Were Capital Inflows Stimulated under the Dollar Peg System?
Eiji Ogawa and Lijian Sun


Comment: Francis T. Lui
Comment: Pranee Tinakorn


6. Sterilization and the Capital Inflow Problem in East Asia, 1987-97
Shinji Takagi and Taro Esaka


Comment: Leonard K. Cheng
Comment: Mahani Zainal-Abidin


7. Credibility of Hong Kong's Currency Board: The Role of Institutional Arrangements
Yum K. Kwan, Francis T. Lui and Leonard K. Cheng


Comment: Shin-ichi Fukuda
Comment: Takatoshi Ito


8. How Japanese Subsidiaries in Asia Responded to the Regional Crisis: An Empirical Analysis Based on the MITI Survey
Kyoji Fukao


Comment: Mario B. Lamberte
Comment: Assaf Razin


9. Social Benefits and Losses from FDI: Two Nontraditional Views
Assaf Razin, Efraim Sadka and Chi-Wa Yuen


Comment: Anne O. Krueger
Comment: Mario B. Lamberte


10. Currency Crisis of Korea: Internal Weakness or External Interdependence
Dongchul Cho and Kiseok Hong


Comment: Nouriel Roubini
Comment: Ponciano S. Intal, Jr.