Financial Crises

Lessons from the Past, Preparation for the Future

Gerard Caprio, James A. Hanson, Robert E. Litan, Gerard Caprio, James A. Hanson, Robert E. Litan

• Publisher: Brookings Institution Press
• Year: 2005
• Print ISBN: 9780815712893
• eBook ISBN: 9780815797968
• Edition: 1
• Topic: Economics
• Subtopic: Business General
• Index: Economics

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?

Table of contents

• Front Cover
• Title Page
• Contents
• Chapter 1. Introduction
• Chapter 2. Postcrisis Challenges and Risks in East Asia and Latin America: Where Do They Go from Here?
• Chapter 3. Banking System Crises and Recovery in the Transition Economies of Europe and Central Asia: An Overview
• Chapter 4. Sovereign Debt in Developing Countries with Market Access: Help or Hindrance?
• Chapter 5. The Next Emerging-Market Financial Crisis: What Might It Look Like?
• Chapter 6. Financial Risks Ahead: Views from the Private Sector
• Chapter 7. Starting over Safely: Rebuilding Banking Systems
• Chapter 8. Old-Age Income Support in the Twenty-first Century: Conceptual Framework and Select Issues of Implementation
• Contributors
• Index
• Back Cover