FINANCIAL DEVELOPMENTS IN NATIONAL AND INTERNATIONAL MARKETS; ED. BY PHILIP ARESTIS

This book offers a comprehensive analysis of the problems that the current working of capital markets are generating on both developed and developing economies. It pays special attention to the reasons explaining the unstable and volatile working of international financial markets and to the consequences of that behaviour on both the economic performance of the involved countries and on the economic policies implemented. Cover......Page 1 Contents......Page 6 Notes on the Contributors......Page 8 Introduction......Page 12 1 The Disutility of International Debt: Analytical Results and Methodological Implications......Page 18 2 On the Changing Nature of Currency Crises......Page 42 3 Financial System Regulation Stability versus Instability: Some Strategic Consideration......Page 57 4 The Bretton Woods Institutions Sixty Years Later: A ‘Glocal’ Reform Proposal......Page 73 5 The Monetary Policy of the ECB and the Fed: Credibility versus Confidence, a Comparative Approach......Page 94 6 The Case for Fiscal Policy......Page 120 7 Is an Increase of the Fiscal Budget at EMU Level Desirable?......Page 135 8 How Sensitive Is the Dollar to Economic Policy?......Page 150 9 The Pattern of Inward FDI Geographical Distribution: Can Developing Countries Base Their Development on Those Flows?......Page 166 10 Financial Deregulation and Capital Flows in Latin American Countries......Page 182 11 The Impact of Multinational Banking on Domestic Banking......Page 193 12 Spanish Foreign Direct Investment in Latin America, 1989–2004: A Constructivist Framework for Analysis......Page 207 13 Role of the International Monetary Fund in the Economic Policy-making and Growth of the Baltic Countries......Page 242 C......Page 256 E......Page 257 F......Page 258 L......Page 259 S......Page 260 W......Page 261 "This book offers a comprehensive analysis of the problems that the current working of capital markets are generating in both developed and developing economies. It pays special attention to the reasons explaining the unstable and volatile working of international financial markets and to the consequences of that behaviour on both the economic performance of the countries involved and on the economic policies implemented."--Jacket