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035			_9funglode1478
041			_aEN
050	1	4	_aHG 5993 P961 1997
245	0		_aPrivate capital flows to developing countries : _bThe road to financial integration
260			_aWashington : _bPublished for the World Bank, _c1997
300			_axvii, 406 p.
520			_aThe main findings, 9. -- A new age of global capital, 13. -- Benefits and risks of financial integration, 22. -- Politicy challenges and emerging lessons, 32. -- The New international environment, 75. -- The structural character of new private capital flows, 80. -- The structural forces driving private capital flows to developing countries, 85. -- The outcome of structural changes : Growing investment in emerging markets, 104. -- The prospects for private capital flows, 111. -- Volatility arising from the international environment, 124. -- Key deregulations, financial innovations, and technological advances, 144. -- The benefits of financial integration, 153. -- Integration and growth, 153. -- Diversification benefits, 166. -- Challenges of macroeconomic management, 171. -- Capital inflows and overheating : The country experience, 174. -- Policy regimes and vulnerability, 192. -- Macroeconomic management with growing financial integration, 196. -- Lesson for macroeconomic management, 214. -- Monetary and fiscal policies during capital inflow episodes, 219. -- The effects of integration on domestic financial systems, 229. -- Bank Lending and macroeconomic vulnerability, 236. -- Bank lending and financial sector vulnerability, 249. -- Financial sector reforms in the context of integration : Policy lesson, 257. -- Preparing capital markets for financial integration, 303. -- The main issues, 304. -- Capital markets and financial integration, 313. -- Improving market infrastructure, 323. -- The regulatory challenges of financial integration, 340. -- Summary and conclusions, 368
942			_2lcc _cbk
999			_c46755 _d46755