International Capital Mobility and Financial Fragility
Basic & Policy Readings Opinions / EditorialsAcademic Research

Survey: Global Finance - Cruel sea of capital by Clive Crook Economist May 1, 2003

A Vision of Capital Markets and Stock Exchange  by Roberto F. De Ocampo

Keynote speech for conference on "Preventing Bank Crises: Lessons from Recent Global Bank Failures" by Jeffrey A. Frankel, Member of the Council of Economic Advisers

IMF International Capital Markets Report. September 2000

Maintaining Financial Stability in a Global Economy, a symposium sponsored by the Federal Reserve Bank of Kansas City, August 28-30, 1997

Restructuring in Asia - A Brief Survey of Asian Bankruptcy Law by William Gamble

The Maturity, Sectoral and Nationality Distribution of International Bank Lending - Bank of International Settlements Report (5/98)

The Asian Banking Crisis (The Economist 11/97)

The Role of Inadequate Regulation (NYT 12/97)

Economists Blame Short-Term Loans for Asian Crisis (NYT)

The Role of Short-Term Capital Flows (The Economist 1/98)

Seven Habits of Highly Defective Investors by Paul Krugman (Fortune 2/98)

Asian Banking Crisis (WSJ 10/97)

Banks Were Slow to See Warning Signs in Asia (NYT 1/28/98)

Giving Credit Where Blame Might Be Due (NYT 1/25/98)

Article on the Jackson Hole Conference (WSJ, 9/97)

"Do Depositors Punish Banks for "Bad" Behavior? Market Discipline in Argentina, Chile, and Mexico" by Maria Soledad Martinez Peria and Sergio L. Schmukler, World Bank (2/99)

Colombia: Call for curbs on capital flows

Asia: The Collapse and the Cure By Lester Thurow

There'll Always Be a Soros Paul Krugman (Fortune 3/98)

IMF as a Lender of Last Resort (WSJ 12/96)

The IMF/World Bank meetings in Hong Kong Sep. 1997 (Economist 9/97)

NBER: Global Capital Flows and Financing Constraints by A. Harrison and I. Love and M. McMillan April 2002

NBER: Financial Opening: Evidence and Policy Options by J. Aizenman April 2002

Comparing Capital Mobility Across Provincial and National Borders by  John F. Helliwell and Ross McKitrick NBER WP #6624 (7/98)

Derivatives in International Capital Flow by  Peter M. Garber NBER WP #6623 (7/98)

Volatility and the Welfare Costs of Financial Integration by Pierre-Richard Agenor and Joshua Aizenman NBER WP #6782 (11/98)

Pick Your Poison: The Exchange Rate Regime and Capital Account Volatility in Emerging Markets by S. Iwata, E. Tanner IMF May 2003 (.pdf)

Impacts of the Basle Capital Standard on Japanese Banks' Behavior by Takatoshi Ito and Yuri Nagataki Sasaki  NBER WP #6730 (10/98)

Global Diversification, Growth and Welfare with Imperfectly Integrated Markets for Goods by Bernard Dumas and Raman Uppal NBER Working Paper No. 6994 (3/99)

Capital Flows to Central and Eastern Europe and the Former Soviet Union by Stijn Claessens, Daniel Oks, and Rossana Polastri (9/98)

Does the Introduction of Futures on Emerging Market Currencies Destabilize the Underlying Currencies? by Christian Jochum and Laura Kodres, IMF Working Paper

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