Debt, Stabilization and Development : Essays in Memory of Carlos Díaz-Alejandro

1. Introduction -- 2. From Graduate Student to Professional Peer: An Appreciation of Carlos F. Diaz-Alejandro, Charles P. Kindleberger -- -- Part 1. International Lending and the Debt Crisis: Historical Perspectives and Contemporary Solutions -- 3. Lessons of the 1890s for the 1980s. Albert Fishlow -- 4. House Calls of the Money Doctor: The Kemmerer Missions to Latin America, 1917-1931. Barry Eichengreen -- 5. The Debt Overhang of Developing Countries. Jeffrey Sachs -- -- Part 2. International Capital Movements: Theory and Measurement -- 6. Country Risk and the Organization of International Capital Transfer. Jonathan Eaton and Mark Gersovitz -- 7. How Integrated are World Capital Markets? Some New Tests. Maurice Obstfeld -- -- Part 3. Liberalization of Trade and Exchange Controls -- 8. Economic Liberalization and the Equilibrium Real Exchange Rate in Developing Countries. Sebastian Edwards -- 9. Smuggler`s Blues at the Central Bank: Lessons from Sudan William H. Branson and Jorge Braga de Macedo -- -- Part 4. Stabilization and Economic Reform -- 10. Incredible Reforms. Guillermo A. Calvo -- 11. External Shocks and Policy Reforms in the Southern Cone: A Reassessment -- -- Part 5. Macroeconomic Theory and Policy in Developing Countries -- 12. The Relevance for Developing Countries of Recent Developments in Macroeconomic Theory. W. Max Corden -- 13. Indian Macroeconomic Policies. Vijay Joshi and I. M. D. Little -- -- Part 6. New Developments in Open Economy Macroeconomics -- 14. New Channels in the Transmission of Foreig Shocks. Edmund S. Phelps -- 15. Trade, Capital Flows and Dynamics of the Real Exchange Rate. Pentti J. K. Kouri -- -- Part 7. International Trade, Factor Mobility and Development -- -- 16. New Trade Theory and the Less Developed Countries. Paul Krugman -- 17. Policy-Induced Inflows of Foreign Capital in the Presence of Rigid-Wage Unemployment -- 18. North-South Models and the Evolution of Global Interdependence. Ronald Findlay -- 19. Sources of Technological Divergence Between Developed and Less Developed Economies. Raaj Kumar Sah and Joseph E. Stiglitz -- Index