Private Capital Flows to Developing Countries: The Road to Financial Integration

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The world's financial markets are rapidly integrating into a single global marketplace, and developing countries are being drawn into this process starting from different points and moving at various speeds. Those with adequate institutions and sound policies in place may proceed smoothly along the road toward financial integration and gain the many benefits that integration can bring. Most of the developing economies lack many of the necessary prerequisites for such a move; a few are so unprepared that integration may do ...

Private Capital Flows to Developing Countries: The Road to Financial Integration 1997, Oxford University Press, USA, New York, NY

ISBN-13: 9780195211160

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