International Financial Markets : The Challenge of Globalization

As the globalization of financial markets continues, we urgently need to understand the crises that have plagued these markets and the policies best suited to preventing such crises in the future. In this book, a prominent group of economists and policymakers blend conceptual analysis and policy discussion in seven well-integrated papers, analyzing the nature of capital flows, alternative exchange-rate regimes, and the roles of international financial institutions.After a guided tour by the editor and a historical exploration, some of the world's leading theorists and policy analysts examine t