This book looks at numerous financial crises, beginning with Mexico in 1994-5, the Asian crisis of 1997-8, and the crises in Russia, Brazil, and other Latin American countries in 1998-9. Such contemporary crises illustrate the risks of financial volatility and macroeconomic instability during the process of economic growth and development. They also raise issues regarding the management of risks associated with liberalization and global integration, particularly in financial markets. Concerns about the implications of international capital flows for developing countries have grown with the sharply increased volume of these flows since the late 1980s. The essays in this volume provide analysis and evidence on the determinants of currency and banking crises in emerging markets, the specific roles of capital flows and the financial sector, and the appropriateness of various policy responses.

The essays in this volume analyze causes of financial crises in emerging markets and different policy responses.

Book Information
ISBN 9780521172189
Author Reuven Glick
Format Paperback
Page Count 480
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 700g
Dimensions(mm) 229mm * 152mm * 27mm