Managing currency crises in emerging markets
By: edited by Michael P. Dooley and Jeffrey A. Frankel
Contributors: Dooley, Michael P. 1944-; Frankel, Jeffrey A
Series: A National Bureau of Economic Research conference report
Publisher: University of Chicago Press
Published: 2003
Place of publication: Chicago
Language: eng
Number of pages: 443
Subjects: Currency question -- Developing countries -- Congresses; Foreign exchange rates -- Developing countries -- Congresses; Financial crises -- Developing countries -- Congresses
Genres: Congresses
Description: The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it is also a highly contentious issue in today's public policy circles. In this book, leading economists - many of whom have also participated in policy debates on these issues - consider how best to reduce the frequency and cost of such crises. The contributions here explore the management process from the beginning of a crisis to the long-term effects of the techniques used to minimize it.
Notes: Proceedings of a conference held in Monterey, Calif., in March 2001

Includes bibliographical references and index
Table of contents: title: Interest rates and exchange rates in the Korean, Philippine, and Thai exchange rate crises / Dongchul Cho, Kenneth D. West; title: Interest rate defense against speculative attack as a signal: a primer / Allan Drazen; title: Does it pay to defend against a speculative attack? Barry Eichengreen, Andrew K. Rose; title: The international lender of last resort: how large is large enough? Olivier Jeanne, Charles Wyplosz; title: Rescue packages and output losses following crises / Michael P. Dooley, Sujata Verma; title: Financial restructuring in banking and corporate-sector crises: what policies to pursue? Stijn Claessens, Daniela Klingebiel, Luc Laeven; title: On the fiscal implications of twin crises / A. Craig Burnside, Martin Eichenbaum, Sergio Rebelo; title: An evaluation of proposals to reform the international financial architecture / Morris Goldstein; title: Recovery and sustainability in East Asia / Yung Chul Park, Jong-Wha Lee; title: A cure worse than the disease? currency crises and the output costs of IMF-supported stabilization programs / Michael M. Hutchison; title: IMF and World Bank structural adjustment programs and poverty / William Easterly; title: Impacts of the Indonesian economic crisis: price changes and the poor / James Levinsohn, Steven Berry, Jed Friedman