Catalogue


Economic and financial crises in emerging market economies [electronic resource] /
edited by Martin Feldstein.
imprint
Chicago : University of Chicago Press, 2003.
description
x, 530 p. : ill. ; 24 cm.
ISBN
0226241092 (cloth : alk. paper)
format(s)
Book
More Details
added author
series title
imprint
Chicago : University of Chicago Press, 2003.
isbn
0226241092 (cloth : alk. paper)
restrictions
Licensed for access by U. of T. users.
catalogue key
11572244
 
Includes bibliographical references and indexes.
A Look Inside
About the Author
Author Affiliation
Martin Feldstein is the George F. Baker Professor of Economics at Harvard University, the president and CEO of the National Bureau of Economic Research, and former chairman of the President's Council of Economic Advisers
Summaries
Main Description
In the late 1990s, economic and financial crises raged through East Asia, devastating economies that had previously been considered among the strongest in the developing world. The crises eventually spread to Russia, Turkey, and Latin America, and impacted the economies of many industrialized nations as well. In today's increasingly interdependent world, finding ways to reduce the risk of future crises--and to improve the management of crises when they occur--has become an international policy challenge of paramount importance. This book rises to that challenge, presenting accessible papers and commentaries on the topic not only from leading academic economists, but also from high-ranking government officials (in both industrial and developing nations), senior policymakers at international institutions, and major financial investors. Six non-technical papers, each written by a specialist in the topic, provide essential economic background, introducing sections on exchange rate regimes, financial policies, industrial country policies, IMF stabilization policies, IMF structural programs, and creditor relations. Next, personal statements from the major players give firsthand accounts of what really went on behind the scenes during the crises, giving us a rare glimpse into how international economic policy decisions are actually made. Finally, wide-ranging discussions and debates sparked by these papers and statements are summarized at the end of each section. The result is an indispensable overview of the key issues at work in these crises, written by the people who move markets and reshape economies, and accessible to not just economists and policymakers, but also to educated general readers. Contributors: Montek S. Ahluwalia, Domingo F. Cavallo, William R. Cline, Andrew Crockett, Michael P. Dooley, Sebastian Edwards, Stanley Fischer, Arminio Fraga, Jeffrey Frankel, Jacob Frenkel, Timothy F. Geithner, Morris Goldstein, Paul Keating, Mervyn King, Anne O. Krueger, Roberto Mendoza, Frederic S. Mishkin, Guillermo Ortiz, Yung Chul Park, Nouriel Roubini, Robert Rubin, Jeffrey Sachs, Ammar Siamwalla, George Soros
Main Description
In the late 1990s, economic and financial crises raged through East Asia, devastating economies that had previously been considered among the strongest in the developing world. The crises eventually spread to Russia, Turkey, and Latin America, and impacted the economies of many industrialized nations as well. In today's increasingly interdependent world, finding ways to reduce the risk of future crisesand to improve the management of crises when they occurhas become an international policy challenge of paramount importance. This book rises to that challenge, presenting accessible papers and commentaries on the topic not only from leading academic economists, but also from high-ranking government officials (in both industrial and developing nations), senior policymakers at international institutions, and major financial investors. Six non-technical papers, each written by a specialist in the topic, provide essential economic background, introducing sections on exchange rate regimes, financial policies, industrial country policies, IMF stabilization policies, IMF structural programs, and creditor relations. Next, personal statements from the major players give firsthand accounts of what really went on behind the scenes during the crises, giving us a rare glimpse into how international economic policy decisions are actually made. Finally, wide-ranging discussions and debates sparked by these papers and statements are summarized at the end of each section. The result is an indispensable overview of the key issues at work in these crises, written by the people who move markets and reshape economies, and accessible to not just economists and policymakers, but also to educated general readers. Contributors: Montek S. Ahluwalia, Domingo F. Cavallo, William R. Cline, Andrew Crockett, Michael P. Dooley, Sebastian Edwards, Stanley Fischer, Arminio Fraga, Jeffrey Frankel, Jacob Frenkel, Timothy F. Geithner, Morris Goldstein, Paul Keating, Mervyn King, Anne O. Krueger, Roberto Mendoza, Frederic S. Mishkin, Guillermo Ortiz, Yung Chul Park, Nouriel Roubini, Robert Rubin, Jeffrey Sachs, Ammar Siamwalla, George Soros
Table of Contents
Prefacep. xi
Economic and Financial Crises in Emerging Market Economies: An Overview of Prevention and Managementp. 1
Exchange Rate Regimesp. 31
Sebastian Edwards
Domingo F. Cavallo
Arminio Fraga
Jacob A. Frenkel
Discussion Summary
Financial Policiesp. 93
Frederic S. Mishkin
Andrew Crockett
Michael P. Dooley
Montek S. Ahluwalia
Discussion Summary
Industrial Country Policiesp. 155
Jeffrey A. Frankel and Nouriel Roubini
Mervyn King
Robert Rubin
George Soros
Discussion Summary
IMF Stabilization Programsp. 297
Anne O. Krueger
Stanley Fischer
Jeffrey D. Sachs
Discussion Summary
IMF Structural Programsp. 363
Morris Goldstein
Timothy F. Geithner
Paul Keating
Yung Chul Park
Discussion Summary
Creditor Relationsp. 459
William R. Cline
Guillermo Ortiz
Roberto G. Mendoza
Ammar Siamwalla
Disscussion Summary
Biographiesp. 513
Contributorsp. 517
Author Indexp. 521
Subject Indexp. 525
Table of Contents provided by Rittenhouse. All Rights Reserved.

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