Regional and Global Capital Flows: Macroeconomic Causes and Consequences.

• Position: Review

Regional and Global Capital Flows: Macroeconomic Causes and Consequences, edited by Takatoshi Ito and Anne 0. Krueger, is available from the University of Chicago Press for $75.00. This tenth volume in the NBER-East Asia Seminar on Economics series contains an introduction, ten papers, and twenty comments developed from material presented at an NBER conference. Contributors address different types of capital flows -- bank lending, bonds, direct foreign investment -- and the implications of each for economic performance. With its particular focus on the Asian financial...