TY  - BOOK
ED  - World Bank.
TI  - Global development finance: the development potential of surging capital flows, 2006
SN  - 0821359908 (pbk.)
U1  - 336.3'435 22
PY  - 2006///
CY  - Washington, DC
PB  - World Bank
KW  - Capital movements
KW  - Developing countries
KW  - Debts, External
KW  - International finance
KW  - Finance
KW  - Investments, Foreign
KW  - Economic development
N1  - Includes bibliographical references; v. 1. Review, analysis and outlook -- v. 2. Summary and country tables
N2  - This volume provides analysis of key trends and prospects, including coverage of capital originating from developing countries themselves.  Many low-income countries still have little or no access to international private capital, and instead depend largely on official finance from bilateral and multilateral creditors to support their development objectives. Capital flows are changing due to financial integration among developing countries, financial innovations, domestic debt markets, and the global role of the Euro. Net official flows continue to decline as official lending falls and there is more aid and debt relief for the poorest countries. To ensure economic stability, developing countries must manage capital flows with effective macroeconomic policies, prudent accumulation of reserves, careful management of oil-export revenues, and improvements in standards for the corporate sector
ER  -