Capital Controls and Capital Flows in Emerging Economies

Acknowledgments ix Introduction 1(18) Sebastian Edwards I. Capital Controls in the Emerging Countries: Analytical Issues and Cross-Country Evidence Capital Flows in a Globalized World: The Role of Policies and Institutions 19(54) Laura Alfaro Sebnem Kalemli-Ozcan Vadym Volosovych Comment Gerd Hausler Capital Controls, Sudden Stops, and Current Account Reversals 73(48) Sebastian Edwards Comment Alan M. Taylor Currency Mismatches, Debt Intolerance, and Original Sin: Why They Are Not the Same and Why It Matters 121(50) Barry Eichengreen Ricardo Hausmann Ugo Panizza Comment Joshua Aizenman The Microeconomic Evidence on Capital Controls: No Free Lunch 171(32) Kristin J. Forbes Comment Charles W. Calomiris The International Exposure of U.S. Banks: Europe and Latin America Compared 203(38) Linda S. Goldberg Comment Matias Braun II. Country Studies International Borrowing, Capital Controls, and the Exchange Rate: Lessons from Chile 241(56) Kevin Cowan Jose De Gregorio International Borrowing and Macroeconomic Performance in Argentina 297(52) Kathryn M. E. Dominguez Linda L. Tesar Comment Nicolas Magud Capital Flows and Controls in Brazil: What Have We Learned? 349(72) Ilan Goldfajn Andre Minella The Chinese Approach to Capital Inflows: Patterns and Possible Explanations 421(60) Eswar Prasad Shang-Jin Wei South Korea's Experience with International Capital Flows 481(48) Marcus Noland Comment Gita Gopinath Malaysian Capital Controls: Macroeconomics and Institutions 529(46) Simon Johnson Kalpana Kochhar Todd Mitton Natalia Tamirisa Comment Peter Blair Henry Capital Flows and Exchange Rate Volatility: Singapore's Experience 575(34) Basant K. Kapur Comment Anusha Chari India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit 609(36) Ajay Shah Ila Patnaik Capital Controls: An Evaluation 645(30) Nicolas Magud Carmen M. Reinhart Contributors 675(4) Author Index 679(6) Subject Index 685