The failure to create stable net flows of development finance from the rich world to the poor one is arguably the greatest failure of the current wave of financial globalisation. Evaluate this statement with reference to the theories of international ca custom essay

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– The complete TITLE is:
The failure to create stable net flows of development finance from the rich world to the poor one is arguably the greatest failure of the current wave of financial globalisation. Evaluate this statement with reference to the theories of international capital flows, the patterns of flows actually observed, their consequences and policy implications.

– I don’t want free add-ons.
– I don’t want it to be even one word more than 3000 words. This is the strict word limit. Any thing between 2900- 3000 words is fine.
– I’d like you to use ONLY the sources/references I introduce to you as bellow. Please select 18 or more sources out of these 33:

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9. Gourinchas, P-?O, and Olivier Jeanne (2006), Capital Flows to Developing Countries: The Allocation Puzzle, IMF Working Paper

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13. Prepared by the Strategy, Policy, and Review Department and the Legal Department, in consultation with other Departments, November 15, 2010.

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17. Kose, M. Ayhan, Eswar Prasad, Kenneth Rogoff, and Shang-?Jin Wei (2006), Financial Globalization: A Reappraisal, IMF. Working Paper, WP/06/189

18. Kose, M. Ayhan, Eswar Prasad, Kenneth Rogoff, Shang-?Ji Wei (2007), Financial Globalization behind the Blame Game: A New Way of Looking at Financial Globalization Reexamines its Costs and Benefits, Finance and Development, volume 44, n.1, March 2007

19. Mckinnon, Ronald (1973), Money and Capital in Economic Development, Brookings Institution , Washington D.C..

20. Obstfeld M (1998), The Global Capital Market: Benefactor or Menace?, Journal of Economic Perspectives

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22. Obstfeld M., J.C. Shambaugh and A.C. Taylor (2005), Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies and Capital Mobility, Review of Economics and Statistics 87 (August):423-?38

23. Obstfeld M., J.C. Shambaugh and A.C. Taylor (2008), Financial Stability, the Trilemma and International Reserves, NBER Working Paper 14217

24. Obstfeld M (2010) Expanding Gross Asset Positions and theInternational Monetary System, paper presented at the Federal Reserve Bank of Kansas City symposium, August 26-?28, 2010

25. Ostry, J. et.al (2010), Capital Inflows: The Role of Controls, IMF Staff Position Note. APN/10/04, February 19, 2010

26. Ostry, J. et.al (2011), Managing Capital Inflows: What Tools to Use?,IMF Staff Discussion Note.SDN/11/06, April 05, 2011

27. Painceira, Juan Pablo (2009), Developing Countries in the Era of Financialisation:From Deficit Accumulation to Reserve Accumulation Research on Money and Finance, Discussion Paper no 4.

28. Prasad Eswar, RaghuramRajan, Arvind Subramanian (2007), Foreign Capital and Economic Growth, Brookings Papers on Economic Activity, 2007. 1

29. Prasad Eswar, RaghuramRajan, Arvind Subramanian (2007), Patterns of International Capital Flows and Implications for Economic Development, Paper presented at the Federal Reserve Bank of Kansas City Symposium

30. Prasad, Eswar (2011), Role Reversal in Global Finance, Paper Presented at the Jackson Hole Symposium of the Federal Reserve Board of Kansas City, August 2011

31. Rodrik, Dani (2006), The Social Cost of Foreign Exchange Reserves, International Economic Journal 20, no.3: 253-?66

32. Shaw, Edward (1973), Financial Deepening in Economic Development, New York: OxfordUniversity Press.

33. Turner, P. (2008) Financial globalisation and emerging market capital flows. BIS Paper 44, (Basel:BIS).

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