1. Hazards and Precautions: Tales of International Finance
- Author:
- Gary Clyde Hufbauer and Erika Wada
- Publication Date:
- 09-1999
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- In the wake of financial crises in Mexico (1994-95), Asia (1997-98), Russia (1998) and Brazil (1998-99), respected observers have questioned the benefits of wide-open international capital markets (Bhagwati, 1998; Krugman, 1998; Rodrik, 1998; Eichengreen, 1999). Our purpose is to identify true hazards and suggest appropriate precautions.
- Topic:
- Economics, International Trade and Finance, and Political Economy
- Political Geography:
- Russia, Asia, Brazil, and Mexico