Oliver, Subramanian, and Williamson (all senior fellows at the Peterson Institute for International Economics) discuss the pros and cons of capital account liberalization for emerging financial markets. Chapters consider the global financial crisis and its effect on capital flow to developing markets, the relationship between capital account liberalization and growth, the case for capital controls, and microeconomic consequences of certain types of capital flows. The final chapter offers analysis and conclusions. A list of other publications from the Peterson Institute for International Economics, including working papers, policy briefs, books, special reports, and works in progress, is included along with contact information for distributors outside the US. Annotation 2013 Book News, Inc., Portland, OR (booknews.com)
