Economic and financial crises in emerging market economies
By: edited by Martin Feldstein.
Contributors: Feldstein, Martin S.
Series: NBER conference report
Publisher: University of Chicago Press
Published: 2003
Place of publication: Chicago
Language: eng
Number of pages: 530
Subjects: International Monetary Fund -- Congresses; Financial crises -- Congresses; Economic stabilization -- Congresses; Economic policy -- Congresses
Genres: Congresses.
Description: "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 just 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. Following each paper, 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 not just to economists and policymakers but also to educated general readers."--BOOK JACKET.
Notes: Includes bibliographical references and indexes.
Table of contents: title: Exchange rate regimes; title: Financial policies; title: Industrial country policies; title: IMF stabilization programs; title: IMF structural programs; title: Creditor relations.