<DIV>Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....</div>

<DIV>Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....</div>

<DIV>Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....</div>

<DIV>Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....</div>

Capital mobility is for emerging economies a double-edged sword, with the potential benefits of investment, whether or not direct, at times competing with the potential costs of currency crises, devaluations, and economic—plus potentially political—instability. The actors involved...

This NBER volume represents a major contribution to the ongoing debate about the consequences of open capital markets on economic growth and volatility, the appropriate sequence of liberalization of the current and capital accounts, and the ability of public policy to influence economic...

<DIV><DIV><DIV><P>Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In <I>Capital Controls and Capital Flows in Emerging Economie</I>s, an esteemed group of contributors examines both the advantages and the...</i></p></div></div></div>

<DIV>Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations,...</div>

<DIV><DIV><DIV><P>Latin America’s economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists...</p></div></div></div>