The last decade has seen a massive increase in international
capital flows to emerging markets. This development has offered
opportunities to those countries that have opened themselves up to
overseas capital, but it has also created risks. In this volume, a
team of policymakers and academics from 14 different countries, as
well as representatives of the international financial institutions
primarily responsible for responding to the crises, examine the
challenges and options facing policymakers today. The book includes
both detailed analysis of individual economies from around the
world and in-depth analysis of the broad systemic issues of why
crises occur and how we can prevent them. By looking at economies
from many different parts of the world, the book provides a broad
and comprehensive look at the similarities and differences in
recent financial crises.
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