Global Financial Crises and Reforms: Cases and Caveats

Book Cover......Page 1
Title......Page 4
Contents......Page 5
List of figures......Page 14
List of tables......Page 17
Acknowledgments......Page 20
List of contributors......Page 21
Preface......Page 25
Introduction B. N. GHOSH......Page 27
Causes and correlates......Page 33
The twin crises: the causes of banking and balance-of-payments problems GRACIELA L. KAMINSKY AND CARMEN M. REINHART......Page 35
The Asian currency crisis: a fait accompli? OBIYATHULLA ISMATH BACHA......Page 74
Financial crisis in the MIT countries: myths and realities B. N. GHOSH......Page 103
Japanese banking problems: implications for Southeast Asia JOE PEEK AND ERIC S. ROSENGREN......Page 128
Cases and caveats......Page 153
Indonesia: the long road to recovery STEVEN RADELET......Page 155
The Malaysian currency crisis: capital flows, policy response and macroeconomic vulnerability ANITA DORAISAMI......Page 183
Speculative attack theory and currency crisis in Korea CHANGKYU CHOI......Page 209
Banking crisis in Mexico LEONARDO TORRE......Page 239
Capital flows and economic policy in Brazil NICOLA TINGAS AND PAULO PEREIRA MIGUEL......Page 266
The yen that is too strong: a note on Japanese crisis MASATO KAWANISHI......Page 310
Lessons from the Asian financial crisis STEVEN RADELET AND JEFFREY SACHS......Page 321
Crisis management and reforms......Page 343
The Asian model, the miracle, the crisis and the fund JEFFREY A. FRANKEL......Page 345
Financial crises and reforms: towards an assessment of the emerging international financial architecture PAOLA MONTI......Page 356
Sustainability, vulnerability, and risk management PETER CORNELIUS AND KLAUS SCHWAB......Page 382
Should capital controls be banished? RICHARD N. COOPER......Page 402
Index......Page 435