Global financial crises and reforms : cases and caveats / edited by B. N. Ghosh.

List of figures, xii -- List of tables, xv -- Acknowledgments, xviii -- List of contributors, xix -- Preface, xxiii -- Introduction / B. N. Ghosh, 1 -- PART I. Causes and correlates, 7 -- 1. The twin crises: the causes of banking and balance-of-payments problems / Graciela L. Kaminsky and Carmen M. Reinhart, 9 -- 2. The Asian currency crisis: afait accompli? / Obiyathulla Ismath Bacha, 48 -- 3. Financial crisis in the MIT countries: myths and realities / B. N. Ghosh, 77 -- 4. Japanese banking problems: implications for Southeast Asia / Joe Peek and Eric S. Rosengren, 102 -- PART II. Cases and caveats, 127 -- 5. Indonesia: the long road to recovery / Steven Radelet, 129 -- 6. The Malaysian currency crisis: capital flows, policy response and macroeconomic vulnerability / Anita Doraisami, 157 -- 7. Speculative attack theory and currency crisis in Korea / Changkyu Choi, 183 -- 8. Banking crisis in Mexico / Leonardo Torre, 213 -- 9. Capital flows and economic policy in Brazil / Nicola Tingas and Paulo Pereira Miguel, 240 -- 10. The yen that is too strong: a note on Japanese crisis / Masato Kawanishi, 284 -- 11. Lessons from the Asian financial crisis / Steven Radelet and Jeffrey Sachs, 295 -- PART III. Crisis management and reforms, 317 -- 12. The Asian model, the miracle, the crisis and the fund / Jeffrey A. Frankel, 319 -- 13 Financial crises and reforms: towards an assessment of the emerging international financial architecture / Paola Monti, 330 -- 14. Sustainability, vulnerability, and risk management / Peter Cornelius and Klaus Schwab, 356 -- 15. Should capital controls be banished? / Richard N. Cooper, 376 -- Index, 409.