Capital flows, capital controls, and currency crises

"After a decade of financial isolation from world private capital markets following the debt crisis of the early 1980s, Latin America became an effective magnet for private capital in the first half of the 1990s. Then it suffered the Mexican crisis of 1995 and was hit by the Asian crisis in 1997-99, which produced a reversal of capital flows and currency crises in several countries. This volume analyzes the return of private capital to this region, examines the effects of the crises on capital flows, and studies the main policy options available to economic authorities under these diverse circumstances." "This volume will be of interest to scholars and students investigating capital flows, policymakers, and Latin American specialists."--Jacket.