Capital mobility : the impact on consumption, investment and growth / edited by Leonardo Leiderman and Assaf Razin.

Proceedings of a CEPR conference with the Bank of Israel and the Pinhas Sapir Center for Development, Tel Aviv University.

Includes bibliographical references and index.

1. Introduction / Leonardo Leiderman and Assaf Razin -- 2. Are industrial-country consumption risks globally diversified? / Maurice Obstfeld -- 3. Business-cycle volatility and openness: an exploratory cross-sectional analysis / Assaf Razin and Andrew K. Rose -- 4. The robustness of macroeconomic indicators of capital mobility / Enrique G. Mendoza -- 5. An interpretation of recent research on exchange rate target zones / Lars E.O. Svensson -- 6. Some evidence on a strategic model of exchange rate bands / Alex Cukierman, Miguel A. Kiguel and Leonardo Leiderman -- 7. Exchange rate volatility, uncertainty, and investment: an empirical investigation / John Huizinga -- 8. Foreign finance and economic growth: an empirical analysis / Daniel Cohen -- 9. Convergence in growth rates: a quantitative assessment of the role of capital mobility and international taxation / Assaf Razin and Chi-Wa Yuen -- 10. Will government policy magnify capital flow volatility? / Giuseppe Bertola and Allan Drazen.

11. The political economy of capital controls / Alberto Alesina, Vittorio Grilli and Gian Maria Milesi-Ferretti -- 12. Capital controls and capital account liberalisation in industrial countries / Donald J. Mathieson and Liliana Rojas-Suarez.