The Asian Financial Crisis: Causes, Contagion and Consequences / Edition 1

The Asian Financial Crisis: Causes, Contagion and Consequences / Edition 1

by Pierre-Richard Agenor
     
 

The first theoretical analysis of the Asian financial crisis, perhaps the single most important economic event of the 1990s.See more details below

Overview

The first theoretical analysis of the Asian financial crisis, perhaps the single most important economic event of the 1990s.

Product Details

ISBN-13:
9780521770804
Publisher:
Cambridge University Press
Publication date:
02/28/2004
Series:
Global Economic Institutions Series, #2
Edition description:
New Edition
Pages:
448
Product dimensions:
5.98(w) x 9.02(h) x 1.14(d)

Related Subjects

Table of Contents

List of figures; List of tables; Preface; Acknowledgements; Introduction Pierre-Richard Agénor, Marcus Miller, David Vines and Axel A. Weber; Part I. General Accounts: 1. The role of macroeconomic and financial sector linkages in East Asia's financial crisis Pedro Alba, Amar Bhattacharya, Stijn Claessens, Swati Ghosh and Leonardo Hernandez; Discussion Sule Ozler; 2. The Asian crisis: lessons from the collapse of financial systems, exchange rates and macroeconomic policy Jenny Corbett and David Vines; Appendix: Thailand, a stylised chronology; Discussion Christopher Bliss; 3. Are capital inflows to developing countries a vote for or against economic policy reforms? Michael P. Dooley; Discussion Kenneth Kletzer; 4. The Asian crisis: an overview of the empirical evidence and policy debate Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini; Appendix; Discussion Richard Portes; Part II. Theoretical Contributions: 5. Capital markets and the instability of open economies Philippe Aghion, Philippe Bacchetta and Abhijit Banerjee; Appendix 1: solving the model in the Leontief case; Appendix 2: why full financial liberalisation - unlike foreign direct investment - may destabilise an emerging market economy; Discussion Gianluca Femminis; 6. Volatility and the welfare costs of financial market integration Pierre-Richard Agénor and Joshua Aizenman; Discussion John Driffill; 7. A theory of the onset of currency attacks Stephen Morris and Hyun Song Shin; Discussion Jonathan P. Thomas; Part III. Contagion: 8. Contagion: monsoonal effects, spillovers and jumps between multiple equilibria Paul Masson; Discussion Axel A. Weber; 9. Contagion and trade: why are currency crises regional? Reuven Glick and Andrew K. Rose; Appendix; Discussion Mark P. Taylor; 10. Competition, complementarity and contagion in East Asia Ishac Diwan and Bernard Hoekman; Appendix; Discussion Jenny Corbett and David Vines; Part IV. Policy Responses: 11. Coping with crises: is there a 'silver bullet'? Amar Bhattacharya and Marcus Miller; 12. Must financial crises be this frequent and this painful? Joseph Stiglitz; 13. Round table discussion Richard Portes, Phillip Turner and Charles A. Goodhart; Index.

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >