Ebook410 pages10 hours
Managing Currency Crises in Emerging Markets
Rating: 0 out of 5 stars
()
About this ebook
The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it's 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 immediate defense of a currency under attack, exploring whether unnecessary damage to economies can be avoided by adopting the right response within the first few days of a financial crisis. Next, contributors examine the adjustment programs that follow, considering how to design these programs so that they shorten the recovery phase, encourage economic growth, and minimize the probability of future difficulties. Finally, the last four papers analyze the actual effects of adjustment programs, asking whether they accomplish what they are designed to do-and whether, as many critics assert, they impose disproportionate costs on the poorest members of society.
Recent high-profile currency crises have proven not only how harmful they can be to neighboring economies and trading partners, but also how important policy responses can be in determining their duration and severity. Economists and policymakers will welcome the insightful evaluations in this important volume, and those of its companion, Sebastian Edwards and Jeffrey A. Frankel's Preventing Currency Crises in Emerging Markets.
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 immediate defense of a currency under attack, exploring whether unnecessary damage to economies can be avoided by adopting the right response within the first few days of a financial crisis. Next, contributors examine the adjustment programs that follow, considering how to design these programs so that they shorten the recovery phase, encourage economic growth, and minimize the probability of future difficulties. Finally, the last four papers analyze the actual effects of adjustment programs, asking whether they accomplish what they are designed to do-and whether, as many critics assert, they impose disproportionate costs on the poorest members of society.
Recent high-profile currency crises have proven not only how harmful they can be to neighboring economies and trading partners, but also how important policy responses can be in determining their duration and severity. Economists and policymakers will welcome the insightful evaluations in this important volume, and those of its companion, Sebastian Edwards and Jeffrey A. Frankel's Preventing Currency Crises in Emerging Markets.
Related to Managing Currency Crises in Emerging Markets
Titles in the series (100)
Challenges to Globalization: Analyzing the Economics Rating: 0 out of 5 stars0 ratingsThe American Business Cycle: Continuity and Change Rating: 0 out of 5 stars0 ratingsThe Intended and Unintended Effects of U.S. Agricultural and Biotechnology Policies Rating: 0 out of 5 stars0 ratingsThe Economics of Crime: Lessons For and From Latin America Rating: 0 out of 5 stars0 ratingsEconomic Dimensions of Personalized and Precision Medicine Rating: 0 out of 5 stars0 ratingsAfrican Successes, Volume I: Government and Institutions Rating: 0 out of 5 stars0 ratingsThe United States in the World Economy Rating: 0 out of 5 stars0 ratingsEconomics of Means-Tested Transfer Programs in the United States, Volume I Rating: 0 out of 5 stars0 ratingsEconomics of Means-Tested Transfer Programs in the United States, Volume II Rating: 0 out of 5 stars0 ratingsAfrican Successes, Volume II: Human Capital Rating: 0 out of 5 stars0 ratingsExchange Rate Theory and Practice Rating: 0 out of 5 stars0 ratingsFinancial Markets Volatility and Performance in Emerging Markets Rating: 0 out of 5 stars0 ratingsHealth Care Issues in the United States and Japan Rating: 0 out of 5 stars0 ratingsFounding Choices: American Economic Policy in the 1790s Rating: 0 out of 5 stars0 ratingsShared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options Rating: 0 out of 5 stars0 ratingsAccelerating Energy Innovation: Insights from Multiple Sectors Rating: 0 out of 5 stars0 ratingsCapitalizing China Rating: 0 out of 5 stars0 ratingsCoordination and Information: Historical Perspectives on the Organization of Enterprise Rating: 0 out of 5 stars0 ratingsThe Analysis of Firms and Employees: Quantitative and Qualitative Approaches Rating: 0 out of 5 stars0 ratingsAfrican Successes, Volume IV: Sustainable Growth Rating: 0 out of 5 stars0 ratingsAsset Prices and Monetary Policy Rating: 5 out of 5 stars5/5G7 Current Account Imbalances: Sustainability and Adjustment Rating: 0 out of 5 stars0 ratingsAfrican Successes, Volume III: Modernization and Development Rating: 0 out of 5 stars0 ratingsA History of Corporate Governance around the World: Family Business Groups to Professional Managers Rating: 5 out of 5 stars5/5Human Capital in History: The American Record Rating: 4 out of 5 stars4/5Economic Aspects of Obesity Rating: 0 out of 5 stars0 ratingsEnterprising America: Businesses, Banks, and Credit Markets in Historical Perspective Rating: 0 out of 5 stars0 ratingsEconomic Regulation and Its Reform: What Have We Learned? Rating: 0 out of 5 stars0 ratingsCorruption and Reform: Lessons from America's Economic History Rating: 3 out of 5 stars3/5The Changing Frontier: Rethinking Science and Innovation Policy Rating: 0 out of 5 stars0 ratings
Related ebooks
Housing and the Financial Crisis Rating: 0 out of 5 stars0 ratingsA History of Corporate Governance around the World: Family Business Groups to Professional Managers Rating: 5 out of 5 stars5/5Asset Prices and Monetary Policy Rating: 5 out of 5 stars5/5Business Cycles, Indicators, and Forecasting Rating: 0 out of 5 stars0 ratingsDeveloping Country Debt and the World Economy Rating: 5 out of 5 stars5/5International Capital Flows Rating: 0 out of 5 stars0 ratingsDeveloping Country Debt and Economic Performance, Volume 1: The International Financial System Rating: 0 out of 5 stars0 ratingsR&D and Productivity: The Econometric Evidence Rating: 0 out of 5 stars0 ratingsThe Economics of Climate Change: Adaptations Past and Present Rating: 0 out of 5 stars0 ratingsTrade with Japan: Has the Door Opened Wider? Rating: 0 out of 5 stars0 ratingsMisalignment of Exchange Rates: Effects on Trade and Industry Rating: 0 out of 5 stars0 ratingsInternational Economic Cooperation Rating: 0 out of 5 stars0 ratingsCurrency Crises Rating: 0 out of 5 stars0 ratingsGlobal Imbalances, Financial Crises, and Central Bank Policies Rating: 0 out of 5 stars0 ratingsStudies in Macroeconomic Theory: Employment and Inflation Rating: 0 out of 5 stars0 ratingsNew Frontiers of Sovereign Investment Rating: 0 out of 5 stars0 ratingsForeign Direct Investment in Brazil: Post-Crisis Economic Development in Emerging Markets Rating: 1 out of 5 stars1/5Exchange Rates and International Macroeconomics Rating: 0 out of 5 stars0 ratingsFinancial Crises, Liquidity, and the International Monetary System Rating: 3 out of 5 stars3/5Disaggregating China, Inc.: State Strategies in the Liberal Economic Order Rating: 0 out of 5 stars0 ratingsManaging Extreme Financial Risk: Strategies and Tactics for Going Concerns Rating: 0 out of 5 stars0 ratingsExchange Rate Theory and Practice Rating: 0 out of 5 stars0 ratingsEmerging Market Economies and Financial Globalization: Argentina, Brazil, China, India and South Korea Rating: 0 out of 5 stars0 ratingsInternational Economics Policies and Their Theoretical Foundations: A Source Book Rating: 3 out of 5 stars3/5International Finance Rating: 5 out of 5 stars5/5Inflation - The Corrupted Thief Rating: 0 out of 5 stars0 ratingsAgricultural Finance: From Crops to Land, Water and Infrastructure Rating: 0 out of 5 stars0 ratingsMunicipal Finances: A Handbook for Local Governments Rating: 0 out of 5 stars0 ratings
Business For You
Collaborating with the Enemy: How to Work with People You Don't Agree with or Like or Trust Rating: 4 out of 5 stars4/5Crucial Conversations Tools for Talking When Stakes Are High, Second Edition Rating: 4 out of 5 stars4/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5The Everything Guide To Being A Paralegal: Winning Secrets to a Successful Career! Rating: 5 out of 5 stars5/5The Five Dysfunctions of a Team: A Leadership Fable, 20th Anniversary Edition Rating: 4 out of 5 stars4/5The Book of Beautiful Questions: The Powerful Questions That Will Help You Decide, Create, Connect, and Lead Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Lying Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5How to Get Ideas Rating: 5 out of 5 stars5/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice Rating: 4 out of 5 stars4/5Money. Wealth. Life Insurance. Rating: 5 out of 5 stars5/5Limited Liability Companies For Dummies Rating: 5 out of 5 stars5/5Carol Dweck's Mindset The New Psychology of Success: Summary and Analysis Rating: 4 out of 5 stars4/5The Catalyst: How to Change Anyone's Mind Rating: 4 out of 5 stars4/5Just Listen: Discover the Secret to Getting Through to Absolutely Anyone Rating: 4 out of 5 stars4/5
Reviews for Managing Currency Crises in Emerging Markets
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Managing Currency Crises in Emerging Markets - Michael P. Dooley
Enjoying the preview?
Page 1 of 1