References

Peter J. Montiel

doi:10.1017/CBO9780511615870.022

Agenor, Pierre-Richard, and Peter J. Montiel (1999). Development Macroeconomics, Second Edition (Princeton: Princeton University Press)

Alba, Pedro, Amar Bhattacharya, Stijn Claessens, Swati Ghosh, and Leonardo Hernandez (1998). “Volatility and Contagion in a Financially-Integrated World: Lessons From East Asia's Recent Experience” (mimeo, World Bank, September)

Alesina, Alberto, Alessandro Prati, and Guido Tabellini (1990). “Public Confidence and Debt Management: A Model and a Case Study of Italy,” in R. Dornbusch and M. Draghi, eds., Public Debt Management: Theory and History (Cambridge: Cambridge University Press), pp. 94–117CrossRef

Anand, Ritu, and Wijnbergen, Sweder (1989). “Inflation and the Financing of Government Expenditure: An Introductory Analysis with an Application to Turkey.” World Bank Economic Review (January), pp. 17–38CrossRef Google Scholar

Aryeetey, Ernest (1992). “The Relationship Between the Formal and Informal Sectors of the Financial Market in Ghana.” African Economic Research Consortium Research Paper 10 (October)

Bacchetta, Philippe, and Eric van Wincoop (1998). “Does Exchange Rate Stability Increase Trade and Capital Flows?” National Bureau of Economic Research Working Paper 6704 (August)

Bagehot, Walter (1999). Lombard Street (New York: John Wiley & Sons)

Balino, Tomas, and V. Sundararajan (1991). Banking Crises: Cases and Issues (Washington, D.C.: International Monetary Fund)

Barro, Robert J. (1994). “Economic Growth and Convergence.” International Center for Economic Growth Occasional Paper 46

Barro, Robert J. (1996). “Inflation and Growth.” Federal Reserve Bank of St. Louis Review 78, no. 3 (May/June)CrossRef

Barro, Robert J., and Gordon, David B. (1983). “Rules, Discretion, and Reputation in a Model of Monetary Policy.” Journal of Monetary Economics 12, pp. 101–21CrossRef Google Scholar

Bartolini, Leonardo, and Allan Drazen (1995). “Capital Account Liberalization as a Signal” (mimeo, International Monetary Fund, April)

Bosworth, Barry, and Collins, Susan (1996). “Economic Growth in East Asia: Accumulation Versus Assimilation.” Brookings Papers on Economic Activity 2Google Scholar

Bruno, Michael, and William Easterly (1995). “Inflation Crises and Long-Run Growth” (mimeo, World Bank, June)

Calvo, Guillermo (1988). “Servicing the Public Debt: The Role of Expectations.” American Economic Review 78, pp. 647–61Google Scholar

Calvo, Guillermo (1991). “The Perils of Sterilization.” International Monetary Fund Staff Papers, 38, no. 4 (December), pp. 921–26CrossRef

Calvo, Guillermo (1996). “Capital Flows and Macroeconomic Management: Tequila Lessons” (mimeo, International Monetary Fund)

Calvo, Guillermo, Leonardo Leiderman, and Carmen Reinhart (1993). “Capital Inflows to Latin America: The Role of External Factors.” International Monetary Fund Staff Papers (March), pp. 108–51CrossRef

Calvo, Guillermo, and Mendoza, Enrique G. (1996). “Reflections on Mexico's Balance of Payments Crisis: A Chronicle of a Death Foretold.” Journal of International Economics 41 (November), pp. 235–64CrossRef Google Scholar

Cardenas, Mauricio S., and Felipe Barrera (1993). “Efectos Macroeconomicos de los Capitales Extranjeros: El Caso Colombiano.” Interamerican Development Bank Working Paper 147 (June)

Cardoso, Eliana, and Ilan Goldfajn (1997). “Capital Flows to Brazil: The Endogeneity of Capital Controls.” International Monetary Fund Working Paper WP/97/115 (September)

Carroll, Chris, and David N. Weil (1993). “Saving and Growth: A Reinterpretation.” National Bureau of Economic Research Working Paper 4470 (September)

Chamley, Christophe, and Patrick Honohan (1990). “Taxation of Financial Intermediation: Measurement Principles and Applications to Five African Countries.” World Bank WPS 421 (May)

Chipeta, C., and M. L. C. Mkandawire (1992). “Links Between the Informal and Formal/Semi-Formal Financial Sectors in Malawi.” African Economic Research Consortium Research Paper 14 (November)

Chinn, Menzie (1998). “Before the Fall: Were East Asian Currencies Overvalued?” National Bureau of Economic Research Working Paper 6491 (April)

Chuhan, Punam, Stijn Claessens, and Nlandu Mamingi (1993). “Equity and Bond Flows to Latin America and Asia: The Role of Global and Country Factors.” World Bank, IECIF Policy Research Working Paper 1160 (July)

Corbo, Vittorio, and Patricio Rojas (1995). “Exchange Rate Volatility, Investment, and Growth: Some New Evidence” (mimeo, World Bank)

Cukierman, Alex, Webb, Steven B., and Neyapti, Bilin (1992). “Measuring Central Bank Independence and Its Effect on Policy Outcomes.” World Bank Economic Review 6, no. 3, pp. 353–98CrossRef Google Scholar

Cukierman, Alex, Steven B. Webb, and Bilin Neyapti (1994). “Measuring Central Bank Independence and Its Effect on Policy Outcomes.” International Center for Economic Growth Occasional Paper 58

Dayal-Gulati, Anuradha, and Christian Thimann (1997). Saving in Southeast Asia and Latin America Compared: Searching for Policy Lessons.” IMF Working Paper WP/97/110 (September)

De Gregorio, Jose, and Pablo Guidotti (1996). “Financial Development and Economic Growth,” in A. Solimano, ed., Road Maps to Prosperity: Essays on Growth and Development (Ann Arbor: University of Michigan Press), pp. 237–66

Demigurc-Kunt, Asli, and Enrica Detragiache (1998). “The Determinants of Banking Crises in Developing and Developed Countries, IMF Staff Papers 45, no. 1 (March), pp. 81–109

Demigurc-Kunt, Asli, and Enrica Detragiache (2000). “Does Deposit Insurance Increase Banking Sector Stability?” IMF Working Paper WP/00/3 (January)

Diaz-Alejandro, Carlos (1985). “Good-Bye Financial Repression, Hello Financial Crash.” Journal of Development Economics 19, pp. 1–24CrossRef Google Scholar

Dooley, Michael P. (1994). “Are Recent Capital Inflows to Developing Countries a Vote for or Against Economic Policy Reforms?” University of California, Santa Cruz Working Paper 295 (May)

Dooley, Michael P. (1995). “A Survey of Academic Literature on Controls over International Capital Transactions.” NBER Working Paper 5352 (November)

Dooley, Michael P. (1997). “A Model of Crises in Emerging Markets.” National Bureau of Economic Research Working Paper 6300 (December)

Dooley, Michael, Eduardo Fernandez-Arias, and Kenneth Kletzer (1994). “Is the Debt Crisis History? Recent Pivate Capital Inflows to Developing Countries.” National Bureau of Economic Research Working Paper 4792 (July)

Dornbusch, Rudiger, and Werner, Alejandro (1994). “Mexico: Stabilization, Reform, and No Growth.” Brookings Papers on Economic Activity 1, pp. 253–98CrossRef Google Scholar

Drees, Burkhard, and Ceyla Pazarbasioglu (1995). “The Nordic Banking Crisis: Pitfalls in Financial Liberalization?” International Monetary Fund Working Paper WP/95/61 (June)

Easterly, William (2000). The Quest for Growth (Cambridge: MIT Press)

Easterly, William, and Klaus Schmidt-Hebbel (1994). “Fiscal Adjustment and Macroeconomic Performance: A Synthesis,” in W. Easterly and K. Schmidt-Hebbel, Public Sector Deficits and Macroeconomic Performance (Oxford: Oxford University Press), pp. 15–78

Edwards, Sebastian (1998). “Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences.” National Bureau of Economic Research Working Paper 6800 (November)

Eichengreen, Barry, Rose, Andrew K., and Wyplosz, Charles (1995). “Exchange Market Mayhem: The Antecedents and Aftermath of Speculative Attacks.” Economic Policy 21 (October), pp. 249–312CrossRef Google Scholar

Fernald, John, Hali Edison, and Prakash Loungani (1998). “Was China the First Domino? Assessing Links Between China and the Rest of Emerging Asia.” Board of Governors of the Federal Reserve System, International Finance Discussion Paper No. 604 (March)CrossRef

Fernandez-Arias, Eduardo (1994). “The New Wave of Private Capital Inflows: Push or Pull?” World Bank, IECIF Policy Research Working Paper 1312 (June)

Fischer, Bernhard, and Helmut Reisen (1993). Financial Opening: Why, How, When, International Center for Economic Growth (San Francisco: ICS Press)

Fischer, Stanley (1993). “Does Macroeconomic Policy Matter? Evidence from Developing Countries.” International Center for Economic Growth Occasional Paper 27

Fischer, Stanley (1993). “The Role of Macroeconomic Factors in Growth.” Journal of Monetary Economics, pp. 485–512CrossRef Google Scholar

Frankel, Jeffrey A., and Andrew K. Rose (1996). “Currency Crises in Emerging Markets: Empirical Indicators.” National Bureau of Economic Research Working Paper 5437 (January)

Frankel, Jeffrey A., and Shang-Jin Wei (1994). “Yen Bloc or Dollar Bloc? Exchange Rate Policies of the East Asian Economies,” in T. Ito and A. Krueger, eds., Macroeconomic Linkages: Savings, Exchange Rates, and Capital Flows (Chicago: University of Chicago Press), pp. 295–329

Galbis, Vicente (1993). “High Real Interest Rates Under Financial Liberalization: Is There a Problem?” International Monetary Fund Working Paper WP/93/7 (January)

Gavin, Michael, and Ricardo Hausmann (1996). “The Roots of Banking Crises: The Macroeconomic Context,” in R. Hausmann and L. Rojas-Suarez, eds., Banking Crises in Latin America (Washington D.C.: Inter-American Development Bank)CrossRef

Gertler, Mark, and Andrew Rose (1991). “Finance, Growth, and Public Policy.” World Bank Policy Research Working Paper WPS 814 (December)

Ghosh, Atish R., Anne-Marie Gulde, Jonathan Ostry, and Holger Wolf (1997). “Does the Nominal Exchange Regime Matter?” National Bureau of Economic Research Working Paper 5874 (January)

Giavazzi, Francesco, and Marco Pagano (1990). “Confidence Crises and Public Debt Management,” in R. Dornbusch and M. Draghi, eds., Public Debt Management: Theory and History (Cambridge: Cambridge University Press), pp. 125–42CrossRef

Giovannini, Alberto, and Melo, Martha (1993). “Government Revenue From Financial Repression.” American Economic Review (September), pp. 953–63Google Scholar

Goldfajn, Ilan, and Valdes, Rodrigo (1999). “The Aftermath of Appreciations.” Quarterly Journal of Economics 114 (February), pp. 229–62CrossRef Google Scholar

Gooptu, Sudarshan (1994). “Are Portfolio Flows to Emerging Markets Complementary or Competitive?” World Bank Policy Research Paper 1360 (September)

Grilli, Vittorio, and Gian Maria Milesi-Ferretti (1995). “Economic Effects and Structural Determinants of Capital Controls.” International Monetary Fund Staff Papers 42, no. 3 (September), pp. 517–51CrossRef

Guidotti, Pablo, and Moammar Kumar (1991). “Domestic Public Debt of the Externally Indebted Countries.” Occasional Paper 80, IMF (June)

Hadjimichael, Michael, Thomas Rumbaugh, and Eric Verreydt (1992). “The Gambia: Economic Adjustment in a Small Open Economy.” International Monetary Fund Occasional Paper 100 (October)

Haque, Nadeem, and Peter J. Montiel (1999). “Long-Run Real Exchange Rate Changes in Developing Countries: Simulations From An Econometric Model,” in L. Hinkle and P. Montiel, eds., Exchange Rate Misalignment: Concepts and Measurement for Developing Countries (Oxford: Oxford University Press)

Hernandez, Leonardo, and Heinz Rudolph (1994). “Domestic Factors, Sustainability, and Soft Landing in the New Wave of Private Capital Inflows” (mimeo, World Bank, November)

Hinkle, Lawrence, and Peter J. Montiel, eds. (1999). Exchange Rate Misalignment: Concepts and Measurement for Developing Countries (Oxford: Oxford University Press)

Hutchinson, Michael, and Kathleen McDill (1999). “Are All Banking Crises Alike? The Japanese Experience In International Comparison.” National Bureau of Economic Research Working Paper 7253 (July)

Hyuha, M., M. O. Ndanshau, and J. P. Kipokola (1993). “Scope, Structure, and Policy Implications of Informal Financial Markets in Tanzania.” African Economic Research Consortium Research Paper 18 (April)

Ikhide, S. I. (1992). “Financial Deepening, Credit Availability, and the Efficiency of Investment: Evidence from Selected African Countries.” UN Economic Commission for Africa, Development Research Paper No. 2 (October)

Kaminsky, Graciela L., and Carmen M. Reinhart (1998). “On Crises, Contagion, and Confusion” (mimeo, University of Maryland)

Kaminsky, Graciela L., and Reinhart, Carmen M. (1999). “The Twin Crises: The Causes of Banking and Balance-of-Payments Problems.” American Economic Review 89, pp. 473–500CrossRef Google Scholar

Kapur, Ishan, Michael Hadjimichael, Paul Hilbers, Jerald Schiff, and Philippe Szymczak (1991). “Ghana: Adjustment and Growth, 1983–91.” International Monetary Fund Occasional Paper 86 (September)

King, Robert G., and Ross Levine (1992). “Financial Intermediation and Economic Development” (mimeo, World Bank, June)

King, Robert G., and Levine, Ross (1993). “Finance, Entrepreneurship, and Growth: Theory and Evidence.” Journal of Monetary Economics 32, pp. 513–42CrossRef Google Scholar

Krugman, Paul (1979). “A Model of Balance of Payments Crises.” Journal of Money, Credit, and Banking (August), pp. 311–25CrossRef Google Scholar

Krugman, Paul (1993). “Target Zones and Exchange Rate Dynamics,” in P. Krugman, ed., Currencies and Crises (Cambridge: MIT Press), pp. 77–89

Laban, Raul, and Felipe Larrain (1993). “Can a Liberalization of Capital Outflows Increase Net Capital Inflows?” Department of Economics, Pontifica Universidad Catolica de Chile (June)

Le Fort, Guillermo V., and Carlos Budnevich (1996). “Capital Account Regulations and Macroeconomic Policy: Two Latin American Experiences.” Studies on International Monetary and Financial Issues for the Group of Twenty-Four, Report to the Group of Twenty-Four (mimeo, The Group of Twenty-Four, March)

Levine, Ross (1992). “Financial Structure and Economic Development.” World Bank Policy Research Working Paper WPS 849 (February)

Levine, Ross (1996). “Financial Development and Economic Growth: Views and Agenda.” World Bank Policy Research Working Paper 1678 (October)

Levine, Ross, and Renelt, David (1992). “A Sensitivity Analysis of Cross-Country Growth Regressions.” American Economic Review 82 (September), pp. 942–63Google Scholar

Loayza, Norman, and J. Humberto Lopez (1997). “Misalignment and Fundamentals: Equilibrium Exchange Rates in Seven Latin American Countries” (mimeo, World Bank)

Mathieson, Donald J., and Liliana Rojas-Suarez (1993). “Liberalization of the Capital Account: Experiences and Issues.” International Monetary Fund Occasional Paper 103 (March)

McKinnon, Ronald I. (1992). The Order of Economic Liberalization (Baltimore: Johns Hopkins University Press)

Mishkin, Frederic S. (1989). “Asymmetric Information and Financial Crises: A Historical Perspective,” in R. Hubbard, ed., Financial Markets and Financial Crises (Chicago: University of Chicago Press), pp. 69–108

Montiel, Peter J. (1992). “Fiscal Aspects of Developing-Country Debt Problems and DDSR Operations.” Unpublished, World Bank (August)

Montiel, Peter J. (1996). “Financial Policies and Economic Growth: Theory, Evidence, and Country-Specific Experience from Sub-Saharan Africa.” Journal of African Economies, Part I, 5, no. 3, pp. 65-98Google Scholar

Montiel, Peter J. (1999). “Determinants of the Long-Run Equilibrium Real Exchange Rate: An Analytical Model,” in L. Hinkle and P. Montiel, eds., Exchange Rate Misalignment: Concepts and Measurement for Developing Countries (Oxford: Oxford University Press)

Montiel, Peter J., and Carmen M. Reinhart (1999). “Do Capital Controls and Macroeconomic Policies Influence the Volume and Composition of Capital Flows? Evidence from the 1990s” (mimeo, Williams College)

Mussa, Michael (1986a). “Nominal Exchange Rate Regimes and the Behavior of Real Exchange Rates: Evidence and Implications,” in K. Brunner and A. Meltzer, eds., Real Business Cycles, Real Exchange Rates, and Actual Policies (Amsterdam: North Holland)

Mussa, Michael (1986b). “The Effects of Commercial, Fiscal, Monetary, and Exchange Rate Policies on the Real Exchange Rate,” in S. Edwards and L. Ahmed, eds., Economic Adjustment and Exchange Rates in Developing Countries (Chicago: University of Chicago Press), pp. 43–88

Nissanke, Machiko (1991). “Mobilizing Domestic Resources for African Development and Diversification: Structural Impediments to Financial Intermediation,” in A. Chibber and S. Fischer, eds., Economic Reform in Sub-Saharan Africa (Washington, D.C.: World Bank)

Ostry, Jonathan (1991). “Trade Liberalization in Developing Countries, Initial Trade Distortions, and Imported Intermediate Inputs.” IMF Staff Papers 38 (September), pp. 447–80CrossRef

Page, John (1994). “The East Asian Miracle: Four Lessons for Development Policy,” in S. Fischer and J. Rotenberg, eds., NBER Macroeconomics Annual 1994 (Cambridge: MIT Press), pp. 219–68CrossRef

Patrick, Hugh T. (1994). “Comparisons, Contrasts, and Implications,” Chapter 8 in Yung Chul Park and Hugh T. Patrick, The Financial Development of Japan, Korea, and Taiwan: Growth, Repression, and Liberalization (Oxford: Oxford University Press)

Patrick, Hugh T., and Yung Chul Park (1994). The Financial Development of Japan, Korea, and Taiwan: Growth, Repression, and Liberalization (Oxford: Oxford University Press), pp. ⅻ, 384

Quirk, Peter J., and Owen Evans (1995). “Capital Account Convertibility: Review of Experience and Implications for IMF Policies.” International Monetary Fund Occasional Paper 131

Radelet, Steven, and Jeffrey Sachs (1998). “The Onset of the East Asian Financial Crisis.” National Bureau of Economic Research Working Paper 6680 (August)

Razin, Ofair, and Susan M. Collins (1997). “Real Exchange Rate Misalignments and Growth.” National Bureau of Economic Research Working Paper 6174 (September)

Reinhart, Carmen M., and Steven Dunaway (1996). “Dealing with Capital Inflows: Are There Any Lessons?” UNU-WIDER Research for Action Working Paper 28

Rodrik, Dani (1997). “TFPG Controversies, Institutions, and Economic Performance in East Asia.” NBER Working Paper 5914 (February)

Roubini, N., and X. Sala-i-Martin (1992). “A Growth Model of Inflation, Tax Evasion, and Financial Repression.” NBERWP 4062 (May)

Roubini, N., and Sala-i-Martin, X. (1992). “Financial Repression and Economic Growth,” Journal of Development Economics 39, pp. 5–30CrossRef Google Scholar

Sachs, Jefferey, Aaron Tornell, and Andres Velasco (1996). “Financial Crises in Emerging Markets: The Lessons from 1995.” (mimeo, Harvard University, March)

Sarel, Michael (1997). “Growth in East Asia: What We Can and Cannot Infer.” International Monetary Fund Economic Issues 1 (May)

Schadler, Susan, Maria Carkovic, Adam Bennett, and Robert Khan (1993). Recent Experience with Surges in Capital Inflows. International Monetary Fund Occasional Paper 108 (Washington, D.C.: International Monetary Fund)

Serven, Luis, and Andres Solimano (1993). “Economic Adjustment and Investment Performance in Developing Countries: The Experience of the Eighties,” in L. Serven and A. Solimano, eds., Striving for Growth After Adjustment: The Role of Capital Formation (Washington, D.C.: World Bank), pp. 147–79

Singh, Ajit (1995). “How Did East Asia Grow So Fast? Slow Progress Toward an Analytical Consensus.” UNCTAD Working Paper No. 97 (February)

Steiner, Roberto (1995). “The Mexican Crisis: Why Did It Happen and What Can We Learn?” (mimeo, World Bank, March)

Tanboon, Surach (1998). “An Analysis of the Thai Currency in Retrospect.” Unpublished, Williams College (May)

Taylor, Mark P., and Sarno, Lucio (1997). “Capital Flows to Developing Countries: Long- and Short-Run Determinants.” World Bank Economic Review 11 (September), pp. 451–70CrossRef Google Scholar

Thomas, Vinod, John Nash, and Associates (1991). Best Practices in Trade Policy Reform (London: Oxford University Press)

Tseng, Warda, and Robert Corber (1991). “Financial Liberalization, Money Demand, and Monetary Policy in Asian Countries.” International Monetary Fund Occasional Paper no. 84 (March)

Turtelboom, Bart (1991). “Interest Rate Liberalization: Some Lessons From Africa.” International Monetary Fund Working Paper WP/91/121 (December)

Valdes-Prieto, Salvador, and Marcelo Soto (1996). “New Selective Capital Controls in Chile: Are They Effective?” (mimeo, World Bank)

Vegh, Carlos (1992). “Stopping High Inflation.” International Monetary Fund Staff Papers (September), pp. 626–95CrossRef

Velasco, Andres (1987). “Financial Crises and Balance of Payments Crises.” Journal of Development Economics 27 (October), pp. 263–83CrossRef Google Scholar

Villanueva, Delano, and Abbas Mirakhor (1990). “Strategies for Financial Reforms.” International Monetary Fund Staff Papers (September), pp. 509–36CrossRef

Vittas, Dimitri, and Yoon Je Cho (1995). “Credit Policies: Lessons from East Asia.” World Bank Policy Research Working Paper 1458 (May)

Warner, Andrew M. (1992). “Did the Debt Crisis Cause the Investment Crisis?” Quarterly Journal of Economics (November), pp. 1161–86CrossRef Google Scholar

Warner, Andrew M. (1997). “Mexico's 1994 Exchange Rate Crisis Interpreted in Light of the Nontraded Model.” National Bureau of Economic Research Working Paper 6165 (September)

Werner, Alejandro M. (1995). “The Currency Risk Premia in Mexico: A Closer Look at Interest Rate Differentials” (mimeo, International Monetary Fund, August)

Williamson, John (1991). “On Liberalizing the Capital Account,” in R. O'Brien, ed., Finance and the International Economy (Oxford: Oxford University Press)

World Bank (1993). The East Asian Miracle: Economic Growth and Public Policy (New York: Oxford University Press)

World Bank (1994). Adjustment in Africa: Reforms, Results, and the Road Ahead (New York: Oxford University Press)

World Bank (1995). Bureaucrats in Business: The Economics and Politics of Government Ownership (New York: Oxford University Press)

World Bank (1997). Private Capital Flows to Developing Countries: The Road to Financial Integration (New York: Oxford University Press)