1. Collective Management of International Financial Crises
- Author:
- Saori N. Katada
- Publication Date:
- 07-1998
- Content Type:
- Working Paper
- Institution:
- Center for International Studies, University of Southern California
- Abstract:
- The world has experienced many financial crises. Despite numerous research and policy efforts in prevention to present them at of large scale, the global economy has not seen economists' (and investors') Nirvana of financial globalization without the occasional crises. On the contrary, the increasing dynamism and changing nature of financial flows across national borders seem to have created a larger number of new problems for creditors, debtors and international financial institutions. That has typically been true for middle income countries in Latin America and Asia and, very recently, in Eastern Europe, which have been integrated into the international financial system. During the two decades between the late 1970s and the late 1990s, three major sets of financial crises originated from those middle income countries, intensifying concerns for international financial stability.
- Topic:
- Economics, Globalization, International Political Economy, and International Trade and Finance
- Political Geography:
- Europe, Israel, East Asia, Latin America, Central America, and North America