Financial Markets and Development: The Crisis in Emerging Markets

(Paperback)

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This volume brings together market economists, policymakers, development specialists and academics from developed and emerging market economies to examine the underlying causes of the Asian financial crisis and ways of preventing future crises in emerging markets. Contents and contributors include: "The Asian crisis: causes and consequences", by Richard Cooper; "A closer look at equity flows to emerging markets", by Michael Barth; "Foreign investment in Asia", by Jarrod Wilcox; and "Lessons of the Asian crisis for Latin America", by Sebastian Edwards.

Author Bio

Alison Harwood is a director with the Barents Group of KPMG Peat Marwick, where she designs and directs projects to develop capital markets, particularly in Eastern Europe. Previously, she worked at the Harvard Institute for International Development and at the Federal Reserve Bank of New York. Robert E. Litan is a senior fellow in Economic Studies at Brookings and vice president for research and policy at the Kauffman Foundation. Michael Pomerleano is lead financial specialist in the Financial Sector Operations and Policy Department of the World Bank.