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Record Nr. |
UNINA9910454430503321 |
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Titolo |
Preventing currency crises in emerging markets [[electronic resource] /] / edited by Sebastian Edwards and Jeffrey A. Frankel |
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Pubbl/distr/stampa |
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Chicago, : University of Chicago Press, c2002 |
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ISBN |
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1-282-00484-0 |
9786612004841 |
0-226-18505-2 |
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Descrizione fisica |
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1 online resource (783 p.) |
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Collana |
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A National Bureau of Economic Research conference report |
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Altri autori (Persone) |
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EdwardsSebastian <1953-> |
FrankelJeffrey A |
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Disciplina |
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Soggetti |
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Currency question - Developing countries |
Financial crises - Developing countries |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Papers presented at a conference held in Islamorada, Fla., in Jan. 2001. |
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Nota di bibliografia |
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Includes bibliographical references and indexes. |
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Nota di contenuto |
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Frontmatter -- Contents -- Acknowledgments -- Introduction -- 1. Does the Current Account Matter? -- 2. Are Trade Linkages Important Determinants of Country Vulnerability to Crises? -- 3. What Hurts Emerging Markets Most? -- 4 When Is U.S. Bank Lending to Emerging Markets Volatile? -- 5. The Role of Large Players in Currency Crises -- 6. Contagion -- 7. Credit, Prices, and Crashes -- 8. Did the Malaysian Capital ControlsWork? -- 9. Malaysia's Crisis -- 10. Negative Alchemy? -- 11. Domestic Bank Regulation and Financial Crises -- 12. Dollarization of Liabilities, Net Worth Effects, and Optimal Monetary Policy -- 13. Chaebol Capitalism and the Currency-Financial Crisis in Korea -- 14. Living with the Fear of Floating -- 15. Policy in an Economy with Balance Sheet Effects -- 16. A Primer on Emerging-Market Crises -- Contributors -- Author Index -- Subject Index |
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Sommario/riassunto |
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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 |
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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. |
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