The paper analyses the causes of the Asian Financial Crisis 1977/79. The increase in cross-border capital mobility and the issues of regulating sequencing of trade liberating and capital account convertiblity are also discussed. A typology of generation-models of currency crises is analyzed. It...

The paper analyses some of the crucial macroeconomic dimensions of financial integration of Australia with the rest of the world. The paper presents the criteria that have been used to measure the degree of financial integration and capital mobility. The macroeconomic implications of increasing...