Introduction, p. 1-15
Sebastian Edwards
I. Capital Controls in the Emerging Countries: Analytical Issues and Cross-Country Evidence
1. Capital Flows in a Globalized World: The Role of Policies and Institutions, p. 19-68
Laura Alfaro, Sebnem Kalemli-Ozcan, and Vadym Volosovych
Comment: Gerd Häusler, p. 68-71
2. Capital Controls, Sudden Stops, and Current Account Reversals, p. 73-113
Sebastian Edwards
Comment: Alan M. Taylor, p. 113-119
3. Currency Mismatches, Debt Intolerance, and the Original Sin: Why They Are Not the Same and Why It Matters, p. 121-164
Barry Eichengreen, Ricardo Hausmann and Ugo Panizza
Comment: Joshua Aizenman, p. 164-169
4. The Microeconomic Evidence on Capital Controls: No Free Lunch, p. 171-199
Kristin J. Forbes
Comment: Charles W. Calomiris, p. 199-202
5. The International Exposure of U.S. Banks: Europe and Latin America Compared, p. 203-232
Linda S. Goldberg
Comment: Matías Braun, p. 232-237
II. Country Studies
6. International Borrowing, Capital Controls, and the Exchange Rate: Lessons from Chile, p. 241-296
Kevin Cowan and José De Gregorio
7. International Borrowing and Macroeconomic Performance in Argentina, p. 297-342
Kathryn M. E. Dominguez and Linda L. Tesar
Comment: Nicolas Magud, p. 342-348
8. Capital Flows and Controls in Brazil: What Have We Learned? p. 349-419
Ilan Goldfajn and André Minella
9. The Chinese Approach to Capital Inflows: Patterns and Possible Explanations, p. 421-480
Eswar Prasad and Shang-Jin Wei
10. South Korea's Experience with International Capital Flows, p. 481-525
Marcus Noland
Comment: Gita Gopinath, p. 525-528
11. Malaysian Capital Controls: Macroeconomics and Institutions, p. 529-570
Simon Johnson, Kalpana Kochhar, Todd Mitton and Natalia Tamirisa
Comment: Peter Blair Henry, p. 570-574
12. Capital Flows and Exchange Rate Volatility: Singapore's Experience, p. 575-603
Basant K. Kapur
Comment: Anusha Chari, p. 603-607
13. India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit, p. 609-643
Ajay Shah and Ila Patnaik
14. Capital Controls: An Evaluation, p. 645-674
Nicolas Magud and Carmen M. Reinhart