Financial Crises in Emerging
Markets:
"This book contains
high-quality papers written by well-known and respected authorities on financial crises. I
am not aware of any recent volume on financial crises that has this book's broad coverage.
Many of the papers would make good reading for graduate students." Philip Brock,
University of Washington
"This book
represents one of the most up-to-date and comprehensive reviews of the recent history, the
theory, and the policy implications of financial crises in emerging market economies. As
such, it proves to b both informative and thought provoking for the general reader. For
the specialists in international finance, the innovative use of firm level and individual
bank level data in some chapters adds considerably to the richness of the analyses, and
gives substance to the generally accepted view that financial crises are both
sector-specific and economy-wide phenomena. .Hence policy responses would necessarily be
micro as well as macroeco-nomic in nature. This is a most timely and authoritative book
that will appeal to all those who are concerned with economic development."
Suiwah Leung, Australian National University
"This book is
relevant not only to academic researchers but also to business persons and policy makers.
As all the papers provide good surveys of the problems and methodologies, readers can
obtain wider knowledge on the financial crises in emerging markets. This book must
stimulate investigations on the cause of and the remedy for financial crises."
Nobuyoshi Yamori, Nagoya University, Japan
430 pages