This book provides a systematic account of financial crisis in the developing world by exploring how Minsky's theory may be extended to countries at early stages of financial development, going beyond the parameters of the established 'emerging market crisis' literature

This paper assesses the dynamics of developing and emerging countries external debt and financial vulnerability. It is argued that, although current account positions do have a role in accumulating external liabilities, developing countries' vulnerability primarily lie in their increasing...

Front Matter -- Half Title -- Advance Praise -- Title -- Copyright -- Contents -- Introduction -- 1 Why the World Economy Needs a Financial Crash -- PART I The Economics of Financial Inflation -- 2 Money in Globalised Times -- The Evolution of Money -- Bretton Woods -- Free Markets and...