Financial Market Integration and International Capital Flows

Edited by Gregor Irwin, The Scottish Government and David Vines, Emeritus Professor of Economics, Balliol College, Oxford University, UK

• Contents:AcknowledgementsIntroduction Gregor Irwin and David VinesPART ICAPITAL FLOWS AND FINANCIAL INSTABILITY 1. Andrew Crockett (1997), ‘Why is Financial Stability a Goal of Public Policy?’2. Kenneth Rogoff (1999), ‘International Institutions for Reducing Global Financial Instability’3. Stijn Claessens, Michael P. Dooley and Andrew Warner (1995), ‘Portfolio Capital Flows: Hot or Cold?’4. Richard Portes and David Vines (1997), Coping with International Capital FlowsPART IITHE MEXICAN CRISIS5. Guillermo A. Calvo and Enrique Mendoza (1996), ‘Petty Crime and Cruel Punishment: Lessons from the Mexican Debacle’6. Jeffrey Sachs, Aaron Tornell and Andrés Velasco (1996), ‘The Collapse of the Mexican Peso: What Have We Learned?’7. Morris Goldstein and Guillermo A. Calvo (1996), ‘What Role for the Official Sector?’8. Andrew Crockett (1996), ‘Lessons from the Mexican Crisis’PART IIITHE EAST ASIAN CRISIS9. Paul Krugman (1998), ‘What Happened to Asia?’10. Steven Radelet and Jeffrey D. Sachs (1998), ‘The East Asian Financial Crisis: Diagnosis, Remedies, Prospects’11. Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini (1999), ‘What Caused the Asian Currency and Financial Crisis?’12. Jenny Corbett, Gregor Irwin and David Vines (1999), ‘From Asian Miracle to Asian Crisis: Why Vulnerability, Why Collapse?’13. Paul Krugman (1999), ‘Analytical Afterthoughts on the Asian Crisis’PART IVTHE LESSONS OF THE 1990s14. D. Brealey (1999), ‘The Asian Crisis: Lessons for Crisis Management and Prevention’15. Amar Bhattacharya and Marcus Miller (1999), ‘Coping with Crises: Is There a "Silver Bullet"?’16. Stanley Fischer (1999), ‘Reforming the International Financial System’17. Morris Goldstein (1998), ‘Halifax II Reforms’18. Joseph Stiglitz (1999), ‘Must Financial Crises Be This Frequent and Painful?’Name Index