Dornbusch, Rudi; Giavazzi, Francesco - In: EIB Papers 4 (1999) 2, pp. 24-32
This paper argues that Central Europe should draw the lessons from the Asian and Mexican crises: hard money and sound credit are essential in a world where capital is intensely mobile, contagion pervasive and the economic and social costs of crises nothing short of formidable. We argue that...
