From Halifax to Lyons : What Has Been Done About Crisis Management?
At the Halifax Summit, in June 1995, the leaders of the G-7 countries proposed several steps to strenghen the international financial system and to apply the lessons taught by the Mexican crisis of 1994-95. Most of those steps have now been taken. They represent a cohesive response to the most challenging problem facing the international financial system - the risk that a country experiencing large capital inflows will have suddenly to cope with large outflows when market participants revise their views about the country's prospects.
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|Date of creation:||1996|
|Contact details of provider:|| Postal: International Finance Section, Department of Economics Princeton University, Princeton, New Jersey, U.S.A|
Phone: (609) 258-4000
Fax: (609) 258-6419
Web page: http://www.econ.princeton.edu/
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