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This 2001 book looks at numerous financial crises, beginning with Mexico in 1994-1995, the Asian crisis of 1997-1998, and the crises in Russia, Brazil, and other Latin American countries in 1998-1999. Such contemporary crises illustrate the risks of financial volatility and macr…
Recent financial crises illustrate the risks of financial volatility and macroeconomic instability during the process of economic growth and development. These essays provide analysis and evidence on the determinants of crises in emerging markets.