Global Financial Crises and Reforms: Cases and Caveats

Description

The financial crises of the 1990s in Asia and Latin America have had global ramifications affecting many countries to varying degrees. They were for the most part unprecedented and their impact, particularly on the miracle economies of South East Asia, has been severe in spite of the apparently strong macroeconomic fundamentals. Global Financial Crises and Reforms features a collection of papers written by highly-respected academics and financial experts, that provides a deeper insight into the phenomenology of the crises and explores possibilities for their solution. This book discusses the important lessons that can be learnt from these experiences; examining the pros and cons of alternative policy measures and the signification of the new international financial architecture. With a variety of theoretical approaches, it is structured in three parts: * Part I looks at the causes and correlates of global financial crises * Part II is devoted to micro case studies on a number of countries including; Malaysia, Indonesia, Thailand, Korea, Japan, Brazil and Mexico * Part III seeks to analyse crises management and reforms. This comprehensive volume will be of great interest to policy makers, bankers and financial analysts, and invaluable to students and researchers of economic development, international finance and political economy.

B.N.Ghosh is Professor of Economics at the University of Science Malaysia at Penang.