Introduction
Introduction
This chapter discusses the contents of this volume, which is about management of currency crises in emerging markets. The collection of papers in this volume were presented at a National Bureau of Economic Research Conference, held in Monterey, California in March 2001. This volume is divided into three parts which can be seen as three phases counting forward from the moment that a country is hit by a crisis. The first part describes the immediate defense of the currency regime under attack, the second examines the adjustment programs that follow crises and the third evaluates the effectiveness of the adjustment programs.
Keywords: currency crises, emerging markets, adjustment programs, crises management
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