Prof. Ken Kletzer of University of California, Santa Cruz has been engaged in collaborative research with ICRIER faculty on issues relating to capital flows, financial liberalisation and financial integration of India with the world economy. This paper, “Capital Inflows and Developing Country Financial Crises: Implications of Competing Explanations for Policy Interventions”, by Prof. Ken Kletzer discusses some alternative policy proposals in the light of the recent theoretical literature on financial and currency crises in developing countries.
