Financial Crisis Management in Regional Blocs

1. Front Matter

   Pages i-xiii

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2. Introduction

   1. Introduction

      • Scheherazade S. Rehman

      Pages 1-6

3. History and Background

   1. Front Matter

      Pages 7-7

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   2. Managing Financial Crises: Who’s In Charge?

      • Howard Curtis Reed

      Pages 9-27

4. European Union And Other Regional Exchange Rate Arrangements

   1. Front Matter

      Pages 29-29

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   2. Monetary Unions In Europe

      • Alan Walters

      Pages 31-37

   3. Financial Crisis Management In The EU/ERM

      • Hans Tietmeyer

      Pages 39-54

   4. Italy: Two Foreign Exchange Crises

      • Roberto Rinaldi, Carlo Santini

      Pages 55-94

   5. The Single European Currency As A Stabilizing Factor In International Relations: A French View

      • André De Lattre

      Pages 95-105

   6. EMU and The Swiss Franc

      • Kaspar Villiger

      Pages 107-113

   7. Exchange Rate And Economic Policy In Three Regional Blocks: The EU, The GCC And The CFA

      • Franco Modigliani, Hossein Askari

      Pages 115-146

5. The Mexican Crises and the Tequila Effect

   1. Front Matter

      Pages 147-147

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   2. The Mexican Financial Crisis Of 1994–95: An Asymmetric Information Analysis

      • Frederic S. Mishkin

      Pages 149-181

   3. The Argentine Banking Panic After The “Tequila” Shock: Did “Convertibility” Help Or Hurt?

      • Roque B. Fernandez, Liliana Schumacher

      Pages 183-208

6. The Transforming Economies

   1. Front Matter

      Pages 209-209

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   2. The Consolidation Of Russian Banking: The Big Picture

      • Jacob Nell

      Pages 211-226

   3. Managing Financial Turbulence: Czech Experience

      • Josef Tošovský

      Pages 227-239

   4. Stabilization Without Recession: The Success Of A Long-Awaited Financial Adjustment In Hungary

      • Lajos Bokros

      Pages 241-260

7. Special Topics: Public Debt And War

   1. Front Matter

      Pages 261-261

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   2. Self-Fulfilling Public Debt Crises

      • Daniel Gros

      Pages 263-279

Financial crises have occurred throughout history, resulting in the loss of national and international public and personal wealth, creating political uncertainty and shaking the foundations of the national, regional and international economic and social order. This book provides answers to the basic questions of what could have caused some of the more recent regional financial crises, what their key characteristics were, how they could have been prevented, what lessons national governments, central bankers and the International Monetary Fund (IMF) have learned and how such crises could be prevented in the future.
The authors include current and former cabinet members of national governments, central bankers, IMF officials, scholars and practicing economists in both national and multilateral organizations, all of whom have either participated in the management of the various types of financial crises they analyze and discuss and/or have made major contributions to their understanding, including recommendations of how they could be avoided in the future.

• European Union (EU)
• banking
• economic policy
• economy
• foundation
• international relations
• management
• monetary union
• organization

• The George Washington University, USA

  Scheherazade S. Rehman

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