Skip to content
Open global navigation

Cambridge University Press

AcademicLocation selectorSearch toggleMain navigation toggle
Cart

Your Cart

×

You have 0 items in your cart.

Register Sign in Wishlist

Financial Crises in Emerging Markets

$69.99 (Z)

Reuven Glick, Ramon Moreno, Mark M. Spiegel, Michael M. Hutchison, Andrew K. Rose, Paul R. Masson, Paolo Pesenti, Kristen Forbes, Kenneth Kasa, Joshua Aizenman, Nancy Marion, Menzie D. Chinn, Kenneth M. Kletzer, Roberto Chang, Michael P. Dooley, Inseok Shin, Carmen M. Reinhart, Assaf Razin, Efraim Sadka, Chi-Wa Yuen, Maurice Obstfeld, Stijn Claessens, Simeon Djankov, Tatiana Nenova, Richard K. Lyons, Robert Dekle, Cheng Hsiao, Siyan Wang, Pierre-Richard Agenor, David Gould, Steven Kamin, Henning Bohn, Hali J. Edison
View all contributors
  • Date Published: February 2011
  • availability: Available
  • format: Paperback
  • isbn: 9780521172189

$69.99 (Z)
Paperback

Add to cart Add to wishlist

Other available formats:
Hardback, eBook


Looking for an examination copy?

If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact collegesales@cambridge.org providing details of the course you are teaching.

Description
Product filter button
Description
Contents
Resources
Courses
About the Authors
  • Recent financial crises illustrate the risks of financial volatility and macroeconomic instability during the process of economic growth and development. They also raise issues regarding the management of risks associated with liberalization and global integration. Concerns about the implications of international capital flows for developing countries have grown with the sharply increased volume of these flows since the late 1980s. Some have argued that emerging markets have been the innocent victims of mercurial global investors, while others have questioned the appropriateness of specific policies in the emerging markets themselves. The essays in this volume provide analysis and evidence on the determinants of currency and banking crises in emerging markets, the specific roles of capital flows and the financial sector, and the appropriateness of various policy responses.

    • Comprehensive theoretical and empirical assessment of financial crises
    • Particular coverage of East Asia but also draws on Latin America, East/Central Europe, with lessons applicable globally
    • World-class contributors include R. Glick, A. Rose, P. Masson, J. Aizenman, K. Kletzer, M. Dooley, A. Razin, E. Sadka, M. Obstfeld, R. Lyons, C. Hsiao, P, Agenor
    Read more

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: February 2011
    • format: Paperback
    • isbn: 9780521172189
    • length: 480 pages
    • dimensions: 229 x 152 x 27 mm
    • weight: 0.7kg
    • availability: Available
  • Table of Contents

    Preface
    Contributors
    1. Financial crises in emerging markets: an introductory overview Reuven Glick, Ramon Moreno, and Mark M. Spiegel
    Part I. Determinants and Propagation of Financial Crises:
    2. Banking and currency crises: how common are twins? Reuven Glick and Michael M. Hutchison
    Discussion Andrew K. Rose
    3. Multiple equilibria, contagion, and the emerging market crises Paul R. Masson
    Discussion Paolo Pesenti
    4. How are shocks propagated internationally? Firm-level evidence from the Russian and East Asian crises Kristen Forbes
    Discussion Kenneth Kasa
    Part II. Capital Flows and Reversals:
    5. Uncertainty and the disappearance of international credit Joshua Aizenman and Nancy Marion
    Discussion Mark M. Spiegel
    6. International capital inflows, domestic financial intermediation, and financial crises under imperfect information Menzie D. Chinn and Kenneth M. Kletzer
    Discussion Roberto Chang
    7. Private inflows when crises are anticipated: a case study of Korea Michael P. Dooley and Inseok Shin
    Discussion Carmen M. Reinhart
    Part III. Institutional Factors and Financial Structure:
    8. Excessive FDI Flows under asymmetric information Assaf Razin, Efraim Sadka, and Chi-Wa Yuen
    Discussion Maurice Obstfeld
    9. Corporate growth and risk around the world Stijn Claessens, Simeon Djankov, and Tatiana Nenova
    Discussion Richard K. Lyons
    Part IV. Policy Responses:
    10. Interest rate stabilization of exchange rates and contagion in the Asian Crisis countries Robert Dekle, Cheng Hsiao, and Siyan Wang
    Discussion Pierre-Richard Agénor
    11. The impact of monetary policy on exchange rates during financial crises David Gould and Steven Kamin
    Discussion Henning Bohn
    12. Capital controls during financial crises: the cases of Malaysia and Thailand Hali J. Edison and Carmen M. Reinhart
    Index.

  • Editors

    Reuven Glick, Federal Reserve Bank of San Francisco

    Ramon Moreno, Federal Reserve Bank of San Francisco

    Mark M. Spiegel, Federal Reserve Bank of San Francisco

    Contributors

    Reuven Glick, Ramon Moreno, Mark M. Spiegel, Michael M. Hutchison, Andrew K. Rose, Paul R. Masson, Paolo Pesenti, Kristen Forbes, Kenneth Kasa, Joshua Aizenman, Nancy Marion, Menzie D. Chinn, Kenneth M. Kletzer, Roberto Chang, Michael P. Dooley, Inseok Shin, Carmen M. Reinhart, Assaf Razin, Efraim Sadka, Chi-Wa Yuen, Maurice Obstfeld, Stijn Claessens, Simeon Djankov, Tatiana Nenova, Richard K. Lyons, Robert Dekle, Cheng Hsiao, Siyan Wang, Pierre-Richard Agenor, David Gould, Steven Kamin, Henning Bohn, Hali J. Edison

Sign In

Please sign in to access your account

Cancel

Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email cflack@cambridge.org

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website, your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Find content that relates to you

Back to top

Are you sure you want to delete your account?

This cannot be undone.

Cancel Delete

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×