Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets

by John Williamson

International investors poured vast sums of money into East Asian and Latin American countries during the mid-1990s, when the emerging market boom was at its peak. Then Thailand stumbled and panic seized the markets, and boom gave way to bust. Investors suffered large financial losses, while Asian countries suddenly experienced large capital outflows and the macroeconomic pressures these wrought plunged countries that had been growing rapidly ("miraculously")...

• Format: Paperback
• Language: English
• ISBN: 0881323306
• ISBN13: 9780881323306
• Release Date: July 2005
• Publisher: Peterson Institute for International Economic
• Length: 144 Pages
• Weight: 0.48 lbs.
• Dimensions: 0.4" x 6.1" x 9.1"