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Economic and Financial Crises in Emerging Market Economies$
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Martin Feldstein

Print publication date: 2003

Print ISBN-13: 9780226241098

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226241104.001.0001

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Economic and Financial Crises in Emerging Market Economies

Economic and Financial Crises in Emerging Market Economies

An Overview of Prevention and Management

Chapter:
(p.1) Economic and Financial Crises in Emerging Market Economies
Source:
Economic and Financial Crises in Emerging Market Economies
Author(s):

Martin Feldstein

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226241104.003.0001

This chapter provides an overview of prevention, reduction and management of the risk of financial and currency crises in emerging market economies. It discusses the lessons that can be learned from the crises of the 1970s to the 1990s and identifies strategies for reducing the risk of recurrent crises in emerging market economies. This chapter also analyzes how potential future crises can be managed in a way that would reduce the adverse effects of dealing with those crises and that would discourages behavior that increases the risk of future crises.

Keywords:   financial crises, currency crises, emerging market economies, crises prevention, crises reduction, crises management

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