International Finance and the Developing Economies

Cover......Page 1
Contents......Page 6
Acknowledgements......Page 8
Preface......Page 9
1 Conducting Macroeconomic Policy in Developing Countries: Piece of Cake or Mission Impossible?......Page 12
2 External Financing and Balance of Payments Adjustment in Developing Countries: Getting a Better Policy Mix......Page 25
3 Where do we Stand on Choosing Exchange Rate Regimes in Developing and Emerging Economies?......Page 45
4 Is Dollarisation a Viable Option for Latin America?......Page 62
5 What Happened to the Washington Consensus?......Page 71
6 Miracle to Meltdown: A Pathology of the East Asian Financial Crisis......Page 85
7 The International Monetary Fund and Developing Countries: A Review of the Evidence and Policy Options......Page 103
8 Remodeling the Multilateral Financial Institutions......Page 136
9 How Important is Sound Domestic Macroeconomics in Attracting Capital Inflows to Developing Countries?......Page 152
10 Convertibility and Volatility: The Pros and Cons of Liberalising the Capital Account......Page 180
11 Coping with, and Cashing in on, International Capital Volatility......Page 192
12 The Catalytic Effect of Lending by the International Financial Institutions......Page 215
13 The Political Economy of Foreign Aid: Fatigue or Regeneration?......Page 238
14 Economic Assistance to Low-Income Countries: Should the Link be Resurrected?......Page 260
15 Debt Relief for Low-Income Countries: Is it Effective and Efficient?......Page 284
Notes......Page 300
Index......Page 324