Capital flows and crises

I. Background. 1. Introduction

2. A century of capital flows

II. Capital account liberalization. 3. Capital account liberalization : what do the cross-country studies tell us?

4. When does capital account liberalization help more than it hurts? / with Carlos Arteta and Charles Wyplosz

III. Crises. 5. Exchange market mayhem : the antecedents and aftermath of speculative attacks / with Andrew Rose and Charles Wyplosz

6. Contagious currency crises / with Andrew Rose and Charles Wyplosz

7. The Baring crisis in a Mexican mirror

8. The EMS crisis in retrospect

9. Understanding Asia's crisis

IV. Policy implications. 10. Capital controls : capital idea or capital folly?

11. Taming capital flows.