While capital flows to emerging markets bring numerous benefits, they are also known to create macroeconomic imbalances (economic overheating, currency overvaluation) and increase financial vulnerabilities (domestic credit growth, bank leverage, foreign currency-denominated lending). But are all...

1. A retrospective view of Hicks's Capital and time : a neo-Austrian theory / Edwin Burmeister -- 2. Hicks's neo-Austrian theory and B�hm-Bawerk's Austrian theory of capital / Christian Gehrke and Heinz D. Kurz -- 3. Traverse analysis and methods of economic dynamics / Roberto Scazzieri -- 4....

The deregulation of domestic financial markets and the capital account in developing countries has frequently been associated with financial turmoil and macro volatility. The book analyzes the experiences of several countries, drawing implications for building development-friendly domestic and...