TY - BOOK AU - Glick,Reuven ED - Cambridge University Press. ED - Center for Pacific Basin Monetary and Economic Studies. TI - Managing capital flows and exchange rates: perspectives from the Pacific basin SN - 0521623235 AV - HG3997.55 .E93 1998 PY - 1998/// CY - New York PB - Cambridge University Press KW - Foreign exchange KW - Government policy KW - Pacific Area KW - Congresses KW - Monetary policy KW - Capital movements N1 - Essays originally prepared for a conference sponsored by the Center for Pacific Basin Monetary and Economic Studies at the Federal Reserve Bank of San Francisco, held Sept. 26-27, 1996; Includes bibliographical references and index; Contents; List of contributors; Preface; 1 Overview; / Reuven Glick; I Determinants of capital flows and exchange rates; 2 U.S. portfolio investment in Asian capital markets; / Henning Bohn, Linda L. Tesar; 3 Foreign direct investment, trade, and real exchange rate linkages in developing countries; / Linda S. Goldberg, Michael Klein; 4 Capital inflows and the real exchange rate: Analytical framework and econometric evidence; / Pierre-Richard Agenor, Alexander W. Hoffmaister; 5 Risk and financial development: A comparative case study of Mexico and Indonesia; / Theo S. Eicher, Stephen J. Turnovsky; II Exchange rate crises and contagion; 6 Exchange rate instability: Determinants and predictability; / Richard A. Meese, Andrew K. Rose; 7 Derivative products in exchange rate crises; / Peter M. Garber, Subir Lall; 8 Crisis, contagion, and country funds: Effects on East Asia and Latin America; / Jeffrey A. Frankel, Sergio L. Schmukler; 9 Comovements among emerging equity markets; / Holger C. Wolf; III Effects of capital inflows; 10 Net capital inflows: How much to accept, how much to resist?; / Helmut Reisen; 11 The overborrowing syndrome: Are East Asian economies different?; / Ronald I. McKinnon, Huw Pill; 12 Capital inflows, financial intermediation, and aggregate demand: Empirical evidence from Mexico and other Pacific Basin countries; / Steven B. Kamin, Paul R. Wood; IV Policy responses to capital inflows; 13 Speculative capital inflows and exchange rate targeting in the Pacific Basin: Theory and evidence; / Kenneth Kletzer, Mark M. Spiegel; 14 Too much of a good thing: The macroeconomic effects of taxing capital inflows; / Carmen M. Reinhart, R. Todd Smith; 15 Exchange rate policies and capital account management: Chile in the 1990s; / Kevin Cowan, Jose De Gregorio; Index ER -