Capital Mobility : The Impact on Consumption, Investment and Growth (Paperback)

Preface; Foreword; 1. Introduction Leonardo Leiderman and Assaf Razin; Part I. Macroeconomic Policy: 2. Are industrial-country consumption risks globally diversified? Mauric Obstfeld; Discussion Benjamin Bental; 3. Business-cycle volatility and openness: an exploratory cross-sectional analysis Assaf Razin and Andrew K. Rose; Discussion Enrique G. Mendoza and Vittorio Grilli; 4. The robustness of macroeconomic indicators of capital mobility Enrique G. Mendoza; Discussion Joseph Zeira; Part II. Exchange Rate Volatility: 5. An interpretation of recent research on exchange rate target zones Lars E. O. Svensson; Discussion Shmuel Kandel and Andrew K. Rose; 6. Some evidence on a strategic model of exchange rate bands Alex Cukierman, Miguel A. Kiguel and Leonardo Leiderman; Discussion Lars E. O. Svensson and Giuseppe Bertola; 7. Exchange rate volatility, uncertainty and investment: an empirical investigation John Huizinga; Discussion Rafi Melnick; Part III. Investment and Growth: 8. Foreign finance and economics growth: and empirical analysis Daniel Cohen; Discussion Elhanan Helpman; 9. Convergence in growth rates: a quantitative assessment of the role of capital mobility and international taxation Assaf Razin and Chi-Wa Yuen; Discussion Oren Sussman; 10. Will government policy magnify capital flow volatility? Giuseppe Bertola and Allan Drazen; Discussions Gian Maria Milesi-Ferretti and Nathan Sussman; Part IV. Policy Perspectives: 11. The political economy of capital controls Alberto Alesina, Vittorio Grilli and Gian Maria Milesi-Ferretti; Discussion Roni Schachar and Marco Pagano; 12. Capital controls and capital account liberalisation in industrial countries Donald J. Mathieson and Liliana Rojas-Suarez; Discussion Eran Yashiv.