GLOBAL CAPITAL AND NATIONAL INSTITUTIONS: CRISIS AND CHOICE IN THE INTERNATIONAL FINANCIAL ARCHITECTURE

by Laura Alfaro

Alfaro (Harvard Business School) collects a series of case studies taught in the Harvard Business School course "Institutions, Macroeconomics, and the Global Economy." The cases, drawn from experiences in Africa, Asia, Europe, Latin American, and the United States over the past three decades, are intended to provide students with an understanding of the role of institutions and policies on patterns of international capital flows and the abilities of governments to manage them effectively. The cases are organized into three sections that address potential positive and negative effects in host economies of opening up to international capital flows; explore strategies and policies for harnessing the benefits of financial globalization and minimizing risk; and consider the different policy options available to the large economies of Japan, China, and the US, as opposed to the small open economy cases considered in the previous two sections. Annotation ©2011 Book News, Inc., Portland, OR (booknews.com)

687 pages, Hardcover

First published March 30, 2010