The first theoretical analysis of the Asian Financial Crisis--perhaps the single most important economic event of the 1990s--starts by presenting a factual and analytic overview of what happened. It goes on to consider why crisis turned into collapse, speculative attacks, and contagion and finishes with a round table discussion of policy issues. The distinguished contributors are from organizations including IMF, the World Bank and the Bank for International Settlements. This is vital reading for policy professionals as well as researchers and graduate students in a wide range of...

The World Bank is dedicated to the promotion of sustainable economic development and to poverty reduction throughout the developing world. The contributors to this volume argue the Bank's greatest asset is its accumulated knowledge and experience of the development process, and propose that it organize itself around the concept of a "Knowledge Bank." Part I examines the World Bank as an institution, examining its structure. In Part II the effectiveness of World Bank assistance is evaluated.

Intensifying global financial liberalization and integration has been accompanied by increased financial volatility over the past two decades. This has been revealed most dramatically by the Asian financial crisis and the more recent crisis in Argentina. These and lesser-known crises in emerging economies have focused attention on determining the most appropriate role for international and national financial institutions to play. This volume offers a wide-ranging overview of the problems and possible policy responses involved in resolving the issues discussed.

This book contrasts regional economic integration in the Asia Pacific Region and in Europe. In the Asia Pacific Region, regionalism is developing by means of "open regionalism," constructed through the APEC (Asia Pacific Economic Cooperation Process). This is different from the regionalism that has developed in Europe through the construction of a single European Market and Monetary Union within the European Union. In the light of this contrast, a number of important contemporary policy questions are considered by an international team of contributors. How should Europe and other parts of the...

The World Bank is dedicated to the promotion of sustainable economic development and to poverty reduction throughout the developing world. The contributors to this volume argue the Bank's greatest asset is its accumulated knowledge and experience of the development process, and propose that it organize itself around the concept of a "Knowledge Bank." Part I examines the World Bank as an institution, examining its structure. In Part II the effectiveness of World Bank assistance is evaluated.

Written by leading economists including Nobel laureate Joseph Stiglitz, this collection combines rigorous economic analysis with insider perspectives on key policy debates surrounding the future of the International Monetary Fund. As the role of the IMF and the "Washington Consensus" have come under intense scrutiny, this collection offers a valuable wide-ranging overview of the debate, making it an essential reference for anyone interested in the role of international financial institutions in our globalized economy.

This book contrasts regional economic integration in the Asia Pacific Region and in Europe. In the Asia Pacific Region, regionalism is developing by means of "open regionalism," constructed through the APEC (Asia Pacific Economic Cooperation Process). This is different from the regionalism that has developed in Europe through the construction of a single European Market and Monetary Union within the European Union. In the light of this contrast, a number of important contemporary policy questions are considered by an international team of contributors. How should Europe and other parts of the...