Preventing Currency Crises in Emerging Markets (Hardcover) (ISBN-13: 9780226184944)

Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations, and public and private sector economists explore the causes of and effective policy responses to international currency crises.

Topics covered include exchange rate regimes, contagion (transmission of currency crises across countries), the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector (including the multilaterals), capital controls, bank supervision and weaknesses, and the roles of cronyism, corruption, and large players (including hedge funds).

Ably balancing detailed case studies, cross-country comparisons, and theoretical concerns, this book will make a major contribution to ongoing efforts to understand and prevent international currency crises.

Author: Sebastian Edwards
ISBN-10: 0226184943
ISBN-13: 9780226184944
Publisher: University of Chicago Press
Language: English
Published: 11/15/2002
Pages: 720
Format: Hardcover
Weight: 2.54lbs
Size: 8.78h x 6.82w x 1.92d