@article{1385878,
      recid = {1385878},
      author = {Bléjer, Mario I. and Skreb, Marko,},
      title = {Financial policies in emerging markets /},
      publisher = {MIT Press,},
      address = {Cambridge, Mass. :},
      pages = {1 online resource (vi, 259 pages) :},
      year = {2002},
      abstract = {An overview of the financial vulnerability of emerging  market economies and how the impact of exchange rate  regimes affects this vulnerability.The 1994-1995 Mexican  crisis was the first in a succession of financial crises to  hit emerging markets in Thailand, Indonesia, Malaysia,  South Korea, Russia, Brazil, Argentina, and Turkey. In  almost all these cases, problems in the banking sector  played a key role. Any analysis of recent developments in  emerging market economies must consider two questions: What  is the degree of financial vulnerability in emerging market  economies, and what, if any, is the connection between the  exchange rate regime and financial vulnerability?This book  furthers understanding of the impact of financial policies  on emerging market economies. Following an introduction by  the editors, the book contains two main sections. The first  presents theoretical and empirical evidence on the relation  between financial policy and financial vulnerability. The  second considers financial policy in central and eastern  Europe in terms of the euro and the European Monetary  Union. Although there is no clear-cut answer to which  exchange rate regime works best, the book concludes that  the financial vulnerability of emerging market economies  suggests the advisability of greater caution in financial  system liberalization and management.},
      url = {http://library.usi.edu/record/1385878},
}