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international ones induced by capital controls. Crises affect financial integration by generating more volatility in the cross …-market premium and putting more downward pressure on domestic prices. "--World Bank web site …
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, and can surge at times of currency speculation. Heightened interest rate and exchange rate volatility pose practical risk … through the equity markets have not been the major contributor to increased international sources of volatility. In addition …
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Caribbean Region"--World Bank web site …
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This report focuses on the contribution that international capital makes to economic development. While the report pays close attention to the events of the recent past, it also places the use of foreign capital in a broader and longer-term perspective. Using such a perspective, the report shows...
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