Titlebook: International Finance and The Developing Economies; Graham Bird Book 2004 Palgrave Macmillan, a division of Macmillan Publishers Limited 2

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How Important is Sound Domestic Macroeconomics in Attracting Capital Inflows to Developing Countries as a means of financing such deficits is not a long-term option, and may not even be a short-term option where reserves are already meagre. Inflows of capital in the form of either foreign aid or private capital offer a potential alternative. Failing to attract capital inflows implies that nationa

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Convertibility and Volatility: The Pros and Cons of Liberalising the Capital Account, capital volatility, on the one hand, and the pursuit of capital account liberalisation by the International Monetary Fund on the other. A natural question is whether it makes sense to encourage capital account liberalisation at a time when capital movements seem either to have created or at least t

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Coping with, and Cashing in on, International Capital Volatility,ancial architecture to be reformed. But how? One idea that has been around since the 1970s is that a tax should be levied on international currency transactions. Would such a tax reduce capital volatility and help avoid currency crises, or would it prove ineffective and infeasible? The political eco

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The Political Economy of Foreign Aid: Fatigue or Regeneration?,riod, while progress has been made in some parts of the developing world, Africa, a region which has relied heavily on aid flows, has witnessed little if any reduction in poverty. Indeed, the number of people living in poverty world-wide is likely to rise in the remaining years of the twentieth cent

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