The Asian crisis demonstrates how interconnected the global economy has become, and this book is the first attempt, by an international group of experts, to understand the Asian financial crisis by taking into account the dynamics of private capital flows.

This unique collection of seminal articles reflects on the evolution of international finance in the 1990s, exploring the recurrence of financial crises and the resultant policy responses. The editors have brought together groundbreaking academic research addressing the policy decisions made by...

Is the international financial architecture debate over? Not according to leading experts gathered together in this impressive volume who try to identify the key trends that will fashion the international financial system in the years ahead. As history has shown, the evolution of the...