Financial Crises: Lessons from the Past, Preparation for the Future (World Bank/IMF/Brookings Emerging Markets) - Softcover

Softcover

ISBN 10: 0815712898 ISBN 13: 9780815712893

Publisher: Brookings Institution Press, 2005

Synopsis

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Throughout the 1990s, numerous financial crises rocked the world financial sector. The Asian bubble burst, for example; Argentina and Brazil suffered currency crises; and the post-Soviet economy bottomed out in Russia. In Financial Crises, a distinguished group of economists and policy analysts examine and draw lessons from attempts to recover from past crises. They also consider some potential hazards facing the world economy in the 21st century and discuss ways to avoid them and minimize the severity of any future downturn. This important new volume emerges from the seventh annual conference on emerging markets finance, cosponsored and organized by the World Bank and the Brookings Institution. In the book, noted experts address the following questions: How effective were post-crisis policies in Latin America, Eastern Europe, and East and Central Asia? Where do international financial markets stand ten years after the worldwide debt crisis? How can the provision of financial services resume vigorously, yet safely? What are the viable policy options for reducing systemic financial vulnerability? What will the next emerging-market financial crisis look like? Will lessons learned from past experiences help to avoid future disasters? How can nations reform their pension systems to deal with retirement challenges in the 21st century?

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About this title

About the Author

"Gerard Caprio is director of the Operations Policy Department in the World Bank's Financial Sector Presidency. James A. Hanson is a senior adviser to the World Bank's Financial Sector Operations and Policy Department. Robert E. Litan is a senior fellow in Economic Studies at the Brookings Institution and vice president for research and policy at the Kauffman Foundation. Among his many books is Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity (Yale University Press, 2007), written with William J. Baumol and Carl J. Schramm."

Edition details

• Publisher: Brookings Institution Press
• Publication date: 2005
• ISBN 10: 0815712898
• ISBN 13: 9780815712893
• Binding: Paperback
• Language: English
• Number of pages: 299
• Editor: Caprio Gerard