Financial Crises in Emerging Markets: An Essay on Financial Globalisation and Fragility

by Alexandre Lamfalussy

Book Overview

This is the first history of the Jewish agricultural colonies that were established in Crimea and Southern Ukraine in 1924 and that, fewer than 20 years later, ended in tragedy. Jonathan Dekel-Chen opens an extraordinary window on Soviet rural life during these turbulent years, and he documents the remarkable relations that developed among the American-Jewish sponsors of the ambitious project, the Soviet authorities, and the colonists themselves...

• Format: Hardcover
• Language: English
• ISBN: 0300082304
• ISBN13: 9780300082302
• Release Date: August 2000
• Publisher: Yale University Press
• Length: 224 Pages
• Weight: 0.80 lbs.
• Dimensions: 0.7" x 5.7" x 8.5"

Customer Reviews

A Good Read!

This slender, surprisingly thorough volume provides an insider's view of four region's storm-tossed financial crises (Latin America, '82, Mexico '94, Asia, '98 and Russia '98). Author Alexandre Lamfalussy, a key figure at the Bank for International Settlements during some of these crises, discusses the history of these events and the problems confronting crisis managers at the time. He lays out the critical background facts of each crisis and draws clear commonalties and contrasts among them. He also offers thoughtful, reasonable prescriptions for avoiding, minimizing and managing future crises. Then, he points out some little-discussed aspects of globalization in the developed world, which contributed to the crises. Though Lamfalussy's style is dense and somewhat academic, his content is worth the work. We at getAbstract recommend this book as valuable reading (and a financial lifejacket) for anyone doing business or investing in an emerging market, for corporate executives working abroad and for public policy makers worldwide.