International Finance and the Developing Economies

Authors: Graham Bird



There are many challenges facing the economies of developing countries. Capital volatility, financial crises, aid, debt and the IMF are all issues that have received a great deal of attention over recent years. In International Finance and The Developing Economies , Graham Bird provides an essentially non-technical discussion of these issues, examining the underlying political economy and discussing the policy alternatives that are available.

Table of contents (15 chapters)

Front Matter
Pages i-ix

Conducting Macroeconomic Policy in Developing Countries: Piece of Cake or Mission Impossible?
Pages 1-13

External Financing and Balance of Payments Adjustment in Developing Countries: Getting a Better Policy Mix
Pages 14-33

Where do we Stand on Choosing Exchange Rate Regimes in Developing and Emerging Economies?
Pages 34-50

Is Dollarisation a Viable Option for Latin America?
Pages 51-59

What Happened to the Washington Consensus?
Pages 60-73

Miracle to Meltdown: A Pathology of the East Asian Financial Crisis
Pages 74-91


The International Monetary Fund and Developing Countries: A Review of the Evidence and Policy Options
Pages 92-124

Remodeling the Multilateral Financial Institutions
Pages 125-140

How Important is Sound Domestic Macroeconomics in Attracting Capital Inflows to Developing Countries?
Pages 141-168

Convertibility and Volatility: The Pros and Cons of Liberalising the Capital Account
Pages 169-180

Coping with, and Cashing in on, International Capital Volatility
Pages 181-203

The Catalytic Effect of Lending by the International Financial Institutions
Pages 204-226

The Political Economy of Foreign Aid: Fatigue or Regeneration?
Pages 227-248

Economic Assistance to Low-Income Countries: Should the Link be Resurrected?
Pages 249-272

Debt Relief for Low-Income Countries: Is it Effective and Efficient?
Pages 273-288

Back Matter
Pages 289-317