A Regional Approach to Financial Crisis Prevention: Lessons from Europe and Initiatives in Asia, Latin America and Africa
Contributing authors: Amar Bhattacharya, Oldrich Dĕdek, Zdeněk Drábek, Heiner Flassbeck, Stephany Griffith-Jones, Daniel Heymann, Paul Jenkins, Brian Kahn, Leslie Lipschitz, José Antonio Ocampo, Yung Chul Park, János Vincze, William (Bill) White, Charles Wyplosz
Editor: Jan Joost Teunissen
Can regional financial arrangements help prevent financial crises in emerging and developing economies? Should these countries follow Western Europe's example by fixing the exchange rates to each other rather than to the dollar, the yen or the euro? Should the IMF and the World Bank become more supportive to regional monetary arrangements?
In light of the recurring financial crises of the last eight years -- Mexico (1994), East Asia (1997), Russia (1998), Brazil (1999), Argentina (2001) - these questions are highly relevant for policymakers as well as the public at large. This book presents the views of prominent international experts and officials from different regions of the world.
Introduction by Jan Joost Teunissen
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