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Private capital flows to developing countries : the road to financial integration - summary (English)

This is a summary of the book, "Private Capital Flows to Developing Countries: the Road to Financial Integration," exploring the nature of the changes leading to the integration of developing countries in world financial markets, and analyzing the process of international financial integration and the structural forces driving private capital to developing countries. Against this background, the book details the potential benefits of integration and the implications of fast-moving global capital flows for emerging economies. It examines the experiences of countries that have attracted substantial private capital flows, including analyzing the policy challenges these countries face in attracting and managing private capital flows, to provide guidance as to what works and what does not during the transition to financial integration. The book also presents specific recommendations and warnings on regulatory design that may be useful to developing countries as they seek to maximize the positive contribution of capital inflows while minimizing their potentially disruptive effects.

Details

  • Document Date

    1997/04/30

  • Document Type

    Publication

  • Report Number

    16675

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    1999/09/17

  • Disclosure Status

    Disclosed

  • Doc Name

    Private capital flows to developing countries : the road to financial integration - summary

  • Keywords

    financial integration;private capital flow;Capital Market and Financial;Capital Inflows;net private capital flows;real exchange rate appreciation;globalization of financial market;prudential regulation and supervision;high real interest rate;protection property right;adequate disclosure of information;banking system;market infrastructure;domestic capital market;global interest rates;world financial market;foreign investor;nominal exchange rate;capital market institution;form of investment;fast economic growth;macroeconomic policy framework;current account deficit;domestic institutional investor;mexican peso crisis;capital market volatility;domestic financial market;volume of flow;lines of credit;international financial market;contribution of capital;capital market development;banking sector fragility;flow of capital;availability of resource;information on price;excessive risk taking;capital adequacy requirement;incentive for bank;allocation of capital;credit card account;domestic financial system;rates of return;decline in investment;global capital flow;domestic banking system;foreign direct investment;capital inflow episode;international financial integration;global financial integration;global marketplace;international environment;investor confidence;financial intermediaries;shock absorbers;lending boom;Macroeconomic Management;financial shock;international investor;virtuous cycle;stock market;government regulation;international reserve;investor interest;official flow;industrial country;fiscal policy;Fiscal policies;

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Citation

Private capital flows to developing countries : the road to financial integration - summary (English). A World Bank policy research report Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/286201468139770128/Private-capital-flows-to-developing-countries-the-road-to-financial-integration-summary