Graduating from their checkered histories of financial instability and debt-related problems is a key policy objective in many emerging market economies. The global financial turmoil that erupted in 2008 underscores the importance of this issue once again. This article maps out some of the key...

Graduating from their checkered histories of financial instability and debt-related problems is a key policy objective in many emerging market economies. The global financial turmoil that erupted in 2008 underscores the importance of this issue once again. This article maps out some of the key...

Drawing on the available theory and empirical evidence, this paper attempts to map out some of the key factors that contribute to international financial instability. It then uses this to develop a possible taxonomy for the array of proposed (and some already existing) policy instruments...