The globalization of international financial markets: what can history teach us? / Michael D. Bordo -- Capital movements: curse or blessing? / Michael P. Dooley and Carl E. Walsh -- Should we fear capital flows? / René M. Stulz -- Capital flows or capital flaws? / Guillermo A. Calvo -- The dollarization debate in Argentina and Latin America / Pablo E. Guidotti and Andrew Powell -- The experience with a floating exchange rate regime: the case of Mexico / Agustín Carstens and Guillermo Ortiz Martinez -- Blueprints for a new global financial architecture / Charles W. Calomiris -- Roundtable: institutions for the new millennium / Matthew Bishop [and others]
Summary
As the globalisation of financial markets continues, we urgently need to understand the crises that have plagued these markets and the policies best suited to preventing such crises in the future. In this book, a group of economists and policymakers blend conceptual analysis and policy discussion in seven integrated papers, analyzing the nature of capital flows, alternative exchange-rate regimes, and the roles of international financial institutions
