Coverart for item
The Resource Capital mobility, exchange rates, and economic crises, George Fane

Capital mobility, exchange rates, and economic crises, George Fane

Label
Capital mobility, exchange rates, and economic crises
Title
Capital mobility, exchange rates, and economic crises
Statement of responsibility
George Fane
Creator
Subject
Language
eng
Summary
  • "This book argues that recent official proposals for reforming the 'international financial architecture' are also unlikely to reduce the frequency of currency and financial crises to an acceptable level. The author proposes an alternative plan to achieve greater financial stability: banks should have to double the currently accepted percentage of capital to risk-weighted assets from 8 to 16 per cent and the risk-weights for loans to emerging markets should also be raised sustainability; the financial sectors in emerging markets should be fully opened to foreign competition; bankruptcy procedures in emerging markets should be greatly strengthened; and central banks should adopt flexible exchange rates, backed by credible targets for inflation or monetary growth
  • If flexible exchange rates are not adopted, central banks should at least avoid the widespread practice of trying to sterilise the monetary effects of capital flows." "The author argues that the implementation of this plan will be a far more effective way of enhancing financial stability than controlling international capital flows, or trying to force private lenders to make new loans to countries that suffer crises."--Jacket
  • "This book argues that recent official proposals for reforming the 'international financial architecture' are also unlikely to reduce the frequency of currency and financial crises to an acceptable level. The author proposes an alternative plan to achieve greater financial stability: banks should have to double the currently accepted percentage of capital to risk-weighted assets from 8 to 16 per cent and the risk-weights for loans to emerging markets should also be raised sustainability; the financial sectors in emerging markets should be fully opened to foreign competition; bankruptcy procedures in emerging markets should be greatly strengthened; and central banks should adopt flexible exchange rates, backed by credible targets for inflation or monetary growth. If flexible exchange rates are not adopted, central banks should at least avoid the widespread practice of trying to sterilise the monetary effects of capital flows." "The author argues that the implementation of this plan will be a far more effective way of enhancing financial stability than controlling international capital flows, or trying to force private lenders to make new loans to countries that suffer crises."--BOOK JACKET
Cataloging source
DLC
http://library.link/vocab/creatorDate
1944-
http://library.link/vocab/creatorName
Fane, George
Dewey number
332/.042
Illustrations
illustrations
Index
index present
LC call number
HG3891
LC item number
.F36 2000
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Capital movements
  • Foreign exchange
  • Financial crises
  • Currency question
Label
Capital mobility, exchange rates, and economic crises, George Fane
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 199-209) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Capital controls and exchange controls
  • Capital controls and crisis prevention: four case studies
  • First and second-best arguments for capital controls
  • Speculative crises, default and contagion
  • Banks, moral hazard and prudential regulations
  • Monetary and exchange rate policies
  • The credibility of monetary and exchange rate policies
  • Reforming the international financial architecture
Control code
44128537
Dimensions
25 cm
Extent
xii, 225 pages
Isbn
9781858987842
Lccn
00041736
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
Label
Capital mobility, exchange rates, and economic crises, George Fane
Publication
Bibliography note
Includes bibliographical references (pages 199-209) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Capital controls and exchange controls
  • Capital controls and crisis prevention: four case studies
  • First and second-best arguments for capital controls
  • Speculative crises, default and contagion
  • Banks, moral hazard and prudential regulations
  • Monetary and exchange rate policies
  • The credibility of monetary and exchange rate policies
  • Reforming the international financial architecture
Control code
44128537
Dimensions
25 cm
Extent
xii, 225 pages
Isbn
9781858987842
Lccn
00041736
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations

Library Locations

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      38.944491 -92.326012
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