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The Regional Character of Financial Crises

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  • Emil Panusheff

Abstract

Globalisation and regionalism in the world economy and changes in the functioning of the world financial system caused regional financial crises in the 1990s. The possibility for their spreading, which provoked a search for a model of a new financial architecture and an analysis of the causes for financial crises, is studied, as well as their impact on other regions and countries. Upon studying the development of regional integration, methods for evaluation, forecasting and possible prevention of consequences of these crises are sought, especially for countries striving for accessing integration communities, mostly the European Union.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.

Volume (Year): (2005)
Issue (Month): 4 ()
Pages: 49-69

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Handle: RePEc:bas:econth:y:2005:i:4:p:49-69

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  1. Catherine A. Pattillo & Andrew Berg, 2000. "The Challenge of Predicting Economic Crises," IMF Economic Issues 22, International Monetary Fund.
  2. Komulainen, Tuomas & Lukkarila, Johanna, 2003. "What drives financial crises in emerging markets?," Emerging Markets Review, Elsevier, vol. 4(3), pages 248-272, September.
  3. Komulainen, Tuomas & Lukkarila, Johanna, 2003. "What drives financial crises in emerging markets?," BOFIT Discussion Papers 5/2003, Bank of Finland, Institute for Economies in Transition.
  4. Tuomas Komulainen & ) & Johanna Lukkarila, 2003. "What drives financial crises in emerging markets?," Macroeconomics 0304010, EconWPA.
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