Averting crisis? Assessing measures to manage financial integration in emerging economies

Cambridge Journal of Economics

Volumn 27, Issue 3, 2003, Pages 317-336

  Grabel, Ilene ^a  

^a UNIVERSITY OF DENVER   (United States)

Author keywords

Asian financial crisis; Emerging economy financial systems; Financial instability; Financial policy; Post Keynesian theory

Indexed keywords

ECONOMIC INTEGRATION; FINANCIAL CRISIS; FINANCIAL POLICY; POLICY MAKING; RISK ASSESSMENT;

EID: 0038381619     PISSN: 0309166X     EISSN: None     Source Type: Journal    
DOI: 10.1093/cje/27.3.317     Document Type: Article

References (36)

1. Agonsin, M. 1998. Capital inflows and investment performance: Chile in the 1990s, in Ffrench-Davis, R. and Reisen, H. (eds), Capital Flows and Investment Performance, Paris, UN/ECLAC Development Centre of the OECD
2. Akyuz, Y. and Cornford, A. 1995. International capital movements: some proposals for reform, in Michie, J. and Grieve Smith, J. (eds), Managing the Global Economy, Oxford, Oxford University Press
3. Arestis, P. and Sawyer, M. 1999. What role for the Tobin tax in world economic governance?, in Michie, J. and Grieve Smith, J. (eds), Global Instability: The Political Economy of World Economic Governance, London, Routledge
4. Ariyoshi, A., Habermeier, K., Laurens, B., Otker-Robe, I., Canales-Kriljenko, J. and Kirilenko, A. 2000. County Experience with the Use and Liberalization of Capital Controls, Washington, DC, IMF
5. Baker, D., Pollin, R. and Schaberg, M. 1995. 'The Case for a Securities Transaction Tax', Mimeograph, Department of Economics, University of Massachusetts
6. Chang, H.-J. 1998. Korea: the misunderstood crisis, World Development, vol. 26, no. 8
7. Crotty, J. and Dymski, G. 1998. Can the global neoliberal regime survive victory in Asia?, International Papers in Political Economy, vol. 5, no. 2
8. Crotty, J. and Epstein. G. 1996. In defence of capital controls, in Panitch, L. (ed.), Are There Alternatives? Socialist Register 1996, London, Merlin Press
9. Crotty, J. and Epstein. G. 1999. A defense of capital controls in light of the Asian financial crisis, Journal of Economic Issues, vol. 33, no. 2
10. D'Arista, J. 1999. Reforming the privatized international monetary and financial architecture, Financial Markets and Society, Financial Markets Center, Philomont, VA, November
11. De Gregorio, J., Edwards, S. and Valdés, R. 2000. Controls on capital inflows: do they work?, Journal of Development Economics, vol. 63, pp. 59-83.
12. Eatwell, J. and Taylor, L. 1998. 'International Capital Markets and the Future of Economic Policy', Working Paper, Center for Economic Policy Analysis, no. 9
13. Edwards, S. 1999. How effective are capital controls?, Journal of Economic Perspectives, vol. 13, no. 4
14. Eichengreen, B. 1999. Toward a New International Financial Architecture, Washington, DC, Institute for International Economics
15. Eichengreen, B., Rose, A. and Wyplosz, C. 1995. Exchange market mayhem: the antecedents and aftermath of speculative attacks, Economic Policy, vol. 21, no. 2
16. Felix, D. 1999. 'Repairing the Global Financial Architecture', Foreign Policy in Focus, Special Report, no. 5, September
17. Felix, D. and Sau, R. 1996. On the revenue raising potential and phasing in of the Tobin tax, in Haq, M. ul, Kaul, I. and Grunberg, I. (eds), The Tobin Tax: Coping with Financial Volatility, Oxford, Oxford University Press
18. Ffrench-Davis, R. and Reisen, H. (eds) 1998. Capital Flows and Investment Performance, Paris, UN/ECLAC Development Centre of the OECD
19. Goldstein, M., Kaminsky, G. and Reinhart, C. 2000. Assessing Financial Vulnerability: An Early Warning System for Emerging Markets, Washington, DC, Institute for International Economics
20. Grabel, I. 1996. Marketing the Third World: the contradictions of portfolio investment in the global economy, World Development, vol. 24, no. 11
21. Grabel, I. 1999. Rejecting exceptionalism: reinterpreting the Asian financial crises, in Michie, J. and Grieve Smith, J. (eds), Global Instability: The Political Economy of World Economic Governance, London, Routledge
22. Grabel, I. 2000. The political economy of 'policy credibility': the new-classical macroeconomics and the remaking of emerging economies, Cambridge Journal of Economics, vol. 24, no. 1
23. Haq, M. ul, Kaul, I. and Grunberg, I. (eds) 1996. The Tobin Tax: Coping with Financial Volatility, Oxford, Oxford University Press
24. Kaul, I. and Langmore, J. 1996. Potential uses of the revenue from a Tobin tax, in Haq, M. ul, Kaul, I. and Grunberg, I. (eds), The Tobin Tax: Coping with Financial Volatility, Oxford, Oxford University Press
25. Keynes, J. M. 1936. The General Theory of Employment, Interest and Money, London, Macmillan
26. Kregel, J. 1998. Derivatives and global capital flows: applications to Asia, Cambridge Journal of Economics, vol. 22, no. 6
27. LeFort, V. G. and Budenvich, C. 1997. Capital-account regulations and macroeconomic policy: two Latin American experiences, International Monetary and Financial Issues for the 1990s, Research papers from the Group of Twenty-four, vol. VIII
28. Neftci, S. 1998. 'FX short positions, balance sheets and financial turbulence: An interpretation of the Asian financial crisis', Center for Economic Policy Analysis Working Paper, New School University, no. 11
29. Palma, G. 2000. 'The Three Routes to Financial Crises: The Need for Capital Controls', mimeo, Faculty of Economics and Politics, Cambridge University
30. Palma, G. 1998. Three and a half cycles of 'mania, panic and [asymmetric] crash, Cambridge Journal of Economics, vol. 22, no. 6
31. Spahn, P. 1995. 'International Financial Flows and Transaction Taxes', IMF Working Paper, Fiscal Affairs Department, no. 60, June
32. Taylor, L. 1998. Capital market crises: liberalization, fixed exchange rates and market-driven destabilization, Cambridge Journal of Economics, vol. 22, no. 6
33. Tobin, J. 1974. The New Economics One Decade Older, Princeton, NJ, Princeton University Press
34. Tobin, J. 1996. Prologue, in Haq, M. ul, Kaul, I. and Grunberg, I. (eds), The Tobin Tax: Coping with Financial Volatility, Oxford, Oxford University Press
35. Valdés-Prieto, S. and Soto. M. 1998. The effectiveness of capital controls: theory and evidence from Chile, Empirica, vol. 25, no. 2
36. Wade, R. 1998. The Asian debt-and-development crisis of 1997-?: causes and consequences, World Development, vol. 26, no. 8