Why do financial markets see so little risk, while companies that invest in the real economy appear to be much more …

able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …Countries receiving large-scale capital inflows are at risk if these flows do not find their way into productive and … long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between …