International capital flows

de Feldstein, Martin S.

"International Capital Flows contains nontechnical background papers by eminent scholars and short essays by practitioners who have played key roles in the policy process and the private sector on the experience of capital flows to Latin America, Asia, and eastern Europe. This collection derived from materials presented at a National Bureau of Economic Research conference held in Woodstock, Vermont, in 1997 and is presented with a summary of the discussion at the conference. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants."--BOOK JACKET.