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Preventing Currency Crises in Emerging Markets (National Bureau of Economic Research Conference Report)

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: Richard E. Caves, Jeffrey A. Frankel, Ronald W. Jones,

Edition: 1

Binding: Hardcover

EAN: 9780226184944

Condition: New

Manufacturer: University Of Chicago Press

Number of items: 1

Number of pages: 720

Product group: Book

Studio: University Of Chicago Press

Publication Date: 2002-11-15

Publisher: University Of Chicago Press

Pages: 720

ISBN: 0226184943

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Jeffrey Frankel
Jeffrey Frankel, a professor at Harvard University's Kennedy School of Government, previously served as a member of President Bill Clinton’s Council of Economic Advisers. He directs the Program in International Finance and Macroeconomics at the US National Bureau of Economic Research, where he is a member of the Business Cycle Dating Committee, the official US arbiter of recession and recovery.