The authors--leading economists and political scientists--examine private capital flows and their consequences in Latin America, Pacific Asia, and East Europe, placing current cycles of lending in historical perspective. National governments have used a variety of strategies to deal with capital-account instability. The authors evaluate those responses, prescribe new alternatives, and consider whether the new circumstances require novel international policies.
CONTRIBUTORS Gail Buyske, Independent Consultant, New York City Pablo Cabezas, New York University Barry Eichengreen, University of California, Berkeley Albert Fishlow, Council on Foreign Relations Miles Kahler, University of California, San Diego Rachel McCulloch, Brandeis University Sylvia Maxfield, Yale University Peter A. Petri, Brandeis University Carmen M. Reinhart, University of Maryland, College Park Vincent Raymond Reinhart, Board of Governors of the Federal Reserve System, Washington, D.C. Jeffrey D. Sachs, Harvard University Dorothy M. Sobol, Federal Reserve Bank of New York Andres Velasco, New York University
