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Hazards and Precautions: Tales of International Finance

Author

Listed:
  • Gary Clyde Hufbauer

    (Peterson Institute for International Economics)

  • Erika Wada

    (Peterson Institute for International Economics)

Abstract

In the wake of financial crises in Mexico (1994-95), Asia (1997-98), Russia (1998) and Brazil (1998-99), respected observers have questioned the benefits of wide-open international capital markets (Bhagwati, 1998; Krugman, 1998; Rodrik, 1998; Eichengreen, 1999). Our purpose is to identify true hazards and suggest appropriate precautions.

Suggested Citation

  • Gary Clyde Hufbauer & Erika Wada, 1999. "Hazards and Precautions: Tales of International Finance," Working Paper Series WP99-11, Peterson Institute for International Economics.
    • Handle: RePEc:iie:wpaper:wp99-11
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    References listed on IDEAS

    as
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    5. Adam S. Posen, 1998. "Restoring Japan's Economic Growth," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 35, October.
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