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Managing Currency Crises in Emerging Markets
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Managing Currency Crises in Emerging Markets

Michael P. Dooley and Jeffrey A. Frankel

Abstract

The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it is also a highly contentious issue in today's public policy circles. In this book, leading economists—many of whom have also participated in policy debates on these issues—consider how best to reduce the frequency and cost of such crises. The contributions here explore the management process from the beginning of a crisis to the long-term effects of the techniques used to minimize it. The first three chapters focus on the earliest responses and the ... More

Keywords: financial crises, emerging markets, global economy, public policy, adjustment programs, recovery phase, economic growth, currency crises, trading partners, policy responses

Bibliographic Information

Print publication date: 2003 Print ISBN-13: 9780226155401
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226155425.001.0001

Authors

Affiliations are at time of print publication.

Michael P. Dooley, editor

Jeffrey A. Frankel, editor

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