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Title Global development finance : the development potential of surging capital flows
Published Washington, DC : World Bank, [2006]
©2006
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Contents Volume I; Table of Contents; Foreword; Acknowledgments; Selected Abbreviations; Overview and Policy Messages: The Development Potential of Surging Capital Flows; The broad surge in private capital flows continues; Global growth has propelled the surge in capital flows, but serious risks remain; Capital flows are being transformed; Net official flows continue to decline; To ensure economic stability, developing countries must manage capital flows effectively; Multilateral cooperation is key to resolving global financial imbalances; Chapter 1 Prospects for the Global Economy
Debt relief: improving and maintaining debt sustainabilityThe challenge ahead: accessing external capital, while maintaining debt sustainability; Annex: Debt Restructuring with Official Creditors; Notes; References; Chapter 4 Financial Integration among Developing Countries; The growth of South-South capital flows; Foreign direct investment in the developing world; South-South banking; Developing-country stock exchanges; Conclusion; Chapter 4 Annexes; Annex 1: Data on South-South capital flows; Annex 2: Selected South-South M & A deals by southern multinationals in service sector, 2000-5
Annex 3: Model of determinants of bank ownershipNotes; References; Chapter 5 Challenges in Managing Capital Flows; Two booms in capital flows-what has changed?; The effect of the recent influx of capital flows on domestic investment and asset prices; Lessons and policy agenda; Annex: Capital Flows and Domestic Investment; Notes; References; Statistical Appendix; Tables; 1 Net capital flows to developing countries, 1997-2005; 2 Net private capital flows to developing countries by region, 1998-2005; 1.1 The global outlook in summary; 1.2 Estimated impact of three risk scenarios
1.3 Impact of a 400-basis-point increase in interest rates in selected developing countries1.4 Impact of a further 30 hike in oil prices in selected developing countries; 1.5 Impact of a 15 percent fall in non-oil commodity; 1.6 Impact of a widening of bird-bird flu; 1.7 Possible economic impacts of flu pandemic; 1.8 A breakdown of economic impacts of a potential human-to-human pandemic; 2.1 Net private debt flows to developing countries, 2002-5; 2.2 Gross market-based debt flows to developing countries, 2002-5; 2.3 Gross cross-border loan flows, 2005
Summary International private capital flows to developing countries reached a record net level of $491 billion in 2005. This surge in private capital flows offers national and international policy makers a major opportunity to bolster development efforts if they can successfully meet three challenges. The first is to ensure that more countries, especially poorer ones, enhance their access to developmentally beneficial international capital through improvements in their macroeconomic performance, investment climate, and use of aid. The second is to avoid sudden capital flow reversals by redressing global imbalances through policies that recognize the growing interdependencies between developed and developing countries' financial and exchange rate relations in the determination of global financial liquidity and asset price movements. And the third is to ensure that development finance, both official and private, is managed judiciously to meet the development goals of recipient countries while promoting greater engagement with global financial markets. These are the themes and concerns of this year's edition of Global Development Finance. Vol I. Anlaysis and Statistical Appendix reviews recent trends in financial flows to developing countries. Vol II. Summary and Country Tables includes comprehensive data for 138 countries, as well as summary data for regions and income groups -- Provided by publisher
Subject Debts, External -- Developing countries -- Statistics.
Finance -- Developing countries.
Capital movements -- Developing countries -- Statistics.
International finance -- Statistics.
Finance -- Developing countries -- Statistics.
Investments, Foreign -- Developing countries -- Statistics.
Economic development -- Statistics.
Genre/Form Statistics.
Statistics.
Form Electronic book
ISBN 0821366238
9780821366233
Other Titles Development potential of surging capital flows