Overview

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 this book 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.

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9780815712893

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This well-written collection presents balanced and nuanced assessments of past financial crises and scenarios for possible news ones. Recommened. --C.J. Siegman, Federal Reserve Board/International Monetary Fund, CHOICE

This well-written collection presents balanced and nuanced assessments of past financial crises and scenarios for possible news ones. Recommened. -C.J. Siegman, Federal Reserve Board/International Monetary Fund, CHOICE

This well-written collection presents balanced and nuanced assessments of past financial crises and scenarios for possible news ones. Recommened. - C.J. Siegman, Federal Reserve Board/International Monetary Fund, CHOICE

Author Information

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.

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