Emerging capital markets in turmoil : bad luck or bad policy

Emerging capital markets in turmoil : bad luck or bad policy / Guillermo A. Calvo.

Analysis of financial crises in emerging market economies, including Mexico, Argentina, and Russia; traces the evolution of crisis theory and challenges the conventional wisdom. Since the mid-1990s, emerging market economies have been hit by dramatic highs and lows: lifted by large capital inflows,...

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Bibliographic Details
Main Author: Calvo, Guillermo
Format: eBook
Language:English
Published: Cambridge, Mass. : MIT Press, ©2005.
Subjects:
Financial crises.
Capital market.
Financial crises > Developing countries.
Capital market > Developing countries.
BUSINESS & ECONOMICS > Finance.
Capital market
Financial crises
Kapitaalmarkt.
Financiële crises.
Developing countries
Online Access:Click for online access
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Table of Contents:
  • 1. Capital inflows and real exchange rate application in Latin America : the role of external factors (with Leonardo Leiderman and Carmen M. Reinhart)
  • 2. Capital inflows to Latin America : the 1970s and 1990s (with Leonardo Leiderman and Carmen M. Reinhart)
  • 3. Capital flows and macroeconomic management : Tequila lessons
  • 4. Petty crime and cruel punishment : lessons from the Mexican debacle (with Enrique G. Mendoza)
  • 5. Capital market contagion and recession : an explanation of the Russian virus
  • 6. Sudden stops, the real exchange rate, and fiscal sustainability : Argentina's lessons (with Alejandro Izquierdo and Ernesto Talvi)
  • 7. Varieties of capital-market crises
  • 8. Uncertain duration of reform : dynamic implications (with Allan Drazen)
  • 9. Capital flows and capital-market crises : the simple economics of sudden stops
  • 10. Rational contagion and the globalization of securities markets (with Enrique Mendoza)
  • 11. Balance-of-payments crises in emerging markets : large capital inflows and sovereign governments
  • 12. Contagion in emerging markets : when Wall Street is a carrier
  • 13. Explaining sudden stop, growth collapse, and BOP crisis : the case of distortionary output taxes
  • 14. Fixing for your life (with Carmen M. Reinhart)
  • 15. Capital markets and the exchange rate with special reference to the dollarization debate in Latin America
  • 16. Fear of floating (with Carmen M. Reinhart)
  • 17. The mirage of exchange rate regimes for emerging market countries (with Frederic S. Mishkin)
  • 18. Globalization hazard and delayed reform in emerging markets
  • 19. Sudden stop, contractionary devaluation, and time inconsistency.

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