Political Economy Of International Monetary Interdependence In 7 Vols. : (new World Order Series Vol.25)

During the 1990s, the official and private flows showed opposite trends; While the former tended to decline over the year but private capital flows showed singificant growth. In view of instability of private capital flows, various emergency packages were designed. But the official development finance and bilateral and consistently lagged behind; at present it is just one third of agreed target of 1p.c. of GNP of Developed countries. Above trend was partly offsset by increased share of growth n ODA: the focus of private flows has been on middle-income countries but low-income countries' share in private financing has been declining. But foreign direct investments are highly focused on China and in the middle-income countries financial volatility and contagion issues are most relevant.
About Author :
Sir Hans Singer is Emeritus Professor of the University of Sussex and a Fellow of the Institue of Development Studies at the University of Sussex since 1969. Previously he served in the United Nations Secretariat for over 20 years and held a number of academic and civil service posts. He is the author of numerous books and articles, most recently The Foreign Aid Business (jointly with K. Raffer). Neelamber Hatti is mainly involved in research at the Department of Economic History, University of Lund, Sweden. Dr. Hatti has written extensively on trade, Aid and Rural Development and Micro-Demography. he has also taught at the University of Copenhagen and has been a visiting Senior Fellow at the Scandinavian Institute of Asian Studies. He has reently authored (with Rameshwar Tandon) the study, Export and Development: The Indan Experience.
Contents :
Volume I Acknowledgements Contributors Introduction Part-I Debate on the International Financial Architecture Principles of Financial Regulation Part II The Global Financial Instability Part III Lender of Last Resort Capital Flows to Developing Countries Part IV The Exchange Rate Regimes Global Financial Instability Part V Sustainability of Private Capital Flows Currency Area and the EMU Part VI The Euro and the Dollar Part VII The Emerging Market Crisis Policies for Stabilizing Capital Flows