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Debate on International Capital Flows & Capital Controls: Readings

Capital Controls: Mud in the Wheels of Market Discipline Forbes, K.J. 2004

Capital Account Liberalization and the IMF by  Barry Eichengreen and Michael Mussa (12/98)

Currency Controls Are Getting A Hearing Amid Asian Crisis (WSJ 9/98)

Strengthening the International Financial Architecture: Report of the G-7 Finance Ministers to the Koln Economic Summit, June 18

Toward A New International Financial Architecture: A Practical Post-Asia Agenda by Barry Eichengreen

An open letter to Prime Minister Mahathir by Paul Krugman (9/1/98)

Repairing and Rebuilding Emerging Market Financial Systems by Larry Summers

IMF: World Economic Outlook and International Capital Markets Interim Assessment (December 1998)

IMF: 1998 International Capital Markets: Developments, Prospects, and Key Policy Issues (9/98)

IMF Economic Forum. Capital Account Liberalization: What's the Best Stance? (October 2, 1998)

Crash Course: Just What's Driving the Crisis in Emerging Markets? (NYT 1/99)

Economic Crises and the Financial Sector by Stanley Fischer

World Bank Group - Brookings Conference on Financial Markets and Development: Preventing Crises in Emerging Markets (3/99)

IMF Economic Forum. Financial Markets: Coping With Turbulence (12/98)

Capital Controls viewed more favorably. analysis by Oxford Analytica (9/17/98)

Money in the New Millenium. The Global Financial Architecture (16th Annual Monetary Conference of the Cato Institute, October 1998)

IMF and World Bank: Finance and Development (12/98)

IMF seminar on capital account liberalization (3/98)

Lawrence Summers Remarks before the IMF (3/9/98)

Alan Greenspan's views on how to limit excessive short-term interbank capital flows (5/7/98)

Capital Account Liberalization and the Role of the Fund by Michel Camdessus (3/98)

An Interview with Nouriel Roubini on the Asian Crisis and its future prospects (2/4/98)

Globalized Financial Markets and Financial Crises by Charles Wyplosz (3/98)

Sound Finance and Sustainable Development in Asia by Joseph Stiglitz (3/98)

Boats, planes and capital flows by Joseph E. Stiglitz (FT 3/98)

International Capital Markets  Developments, Prospects, and Key Policy Issues; IMF  November 1997

Capital Flow Sustainability and Speculative Currency Attacks by  IMF Research Department Staff

World Bank's "Global Development Finance 1998"

Lack of G3 coordination is a source of instability. analysis by Oxford Analytica (10/2/98)

G3 economic structures prevent policy coordination. analysis by Oxford Analytica (10/1/98)

"Money and Capital Flows in a Global Economy" The Cato Journal Winter 1998 (articles by Greenspan, Schwartz, Yaeger, Melzer, Calomiris and others)

How to Protect Developing Countries from the volatility of Capital Flows? by Stephany Griffith-Jones (6/98)

The East Asian Crisis - causes, policy responses, lessons and issues by Bank Negara Malaysia, Central Bank of Malaysia

Papers on International Capital Markets and the Future of Economic Policy from the  Center for Economic Policy Analysis at the New School for Social Research

International Financial Crises: Myths and Realities by Anna J. Schwartz

CEPR: Capital Markets and the Instability of Open Economies. Philippe Aghion and Abhijit Banerjee. Discussion Paper, March 1999

Exchange and Capital Controls as Barriers to Trade by Natalia Tamirisa  IMF Working Paper WP/98/81, 1998

IMF: 1998 International Capital Markets: Developments, Prospects, and Key Policy Issues (9/98)

Capital Controls: Capital Idea or Capital Folly? by Barry Eichengreen (11/98)

"Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors? by  Joshua Aizenman and Stephen J. Turnovsky, NBER WP. No. 7004 (3/99)