
Published online:
21 February 2013
Published in print:
01 February 2003
Online ISBN:
9780226241104
Print ISBN:
9780226241098
Contents
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Economic and Financial Crises in Emerging Market Economies: An Overview of Prevention and Management
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1. Jeffrey A. Frankel and Nouriel Roubini 1. Jeffrey A. Frankel and Nouriel Roubini
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The Role of Industrial Country Policies in Emerging Market Crises The Role of Industrial Country Policies in Emerging Market Crises
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3.1.1 G7 Macroeconomic Policies 3.1.1 G7 Macroeconomic Policies
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Monetary Policy, Fiscal Policy, and Growth Monetary Policy, Fiscal Policy, and Growth
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G7 Exchange Rates G7 Exchange Rates
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Industrial Country Trade Policies Industrial Country Trade Policies
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3.1.2 Crisis Management 3.1.2 Crisis Management
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Modalities of Coordination Modalities of Coordination
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The Role of the G3 The Role of the G3
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Moral Hazard and Private-Sector Involvement in Crisis Resolution Moral Hazard and Private-Sector Involvement in Crisis Resolution
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3.1.3 The Architecture to Reform the International Architecture 3.1.3 The Architecture to Reform the International Architecture
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Halifax Summit and Rey Report Halifax Summit and Rey Report
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G22 and Reports G22 and Reports
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The Road to the Koln and Kyushu-Okinawa Summits of the G7 The Road to the Koln and Kyushu-Okinawa Summits of the G7
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New Groups New Groups
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3.1.4 Reforms for Better Crisis Prevention 3.1.4 Reforms for Better Crisis Prevention
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Transparency Transparency
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Bis Capital Adequacy Standards and Their Implications for Crisis Prevention Bis Capital Adequacy Standards and Their Implications for Crisis Prevention
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Highly Leveraged Institutions and Hedge Funds Highly Leveraged Institutions and Hedge Funds
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Private Contingent Credit Lines Private Contingent Credit Lines
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Vulnerability Indicators Vulnerability Indicators
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3.1.5 Policy Regarding Reform of the International Monetary Fund 3.1.5 Policy Regarding Reform of the International Monetary Fund
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The Nature of International Monetary Fund Critiques The Nature of International Monetary Fund Critiques
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The Meltzer Commission Report The Meltzer Commission Report
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Mission Creep Mission Creep
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Recent G7 Initiatives to Reform the International Monetary Fund Recent G7 Initiatives to Reform the International Monetary Fund
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3.1.6 Proposals for Alternative Institutions and Tools for Crisis Prevention and Resolution 3.1.6 Proposals for Alternative Institutions and Tools for Crisis Prevention and Resolution
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International Lender of Last Resort International Lender of Last Resort
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Some Specific Proposals for New Institutions or Mechanisms/Tools to Prevent and Resolve Financial Crises Some Specific Proposals for New Institutions or Mechanisms/Tools to Prevent and Resolve Financial Crises
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3.1.7 Conclusions 3.1.7 Conclusions
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References References
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2. Mervyn King 2. Mervyn King
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3. Robert Rubin 3. Robert Rubin
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4. George Soros 4. George Soros
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Discussion Summary Discussion Summary
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Chapter
3 Industrial Country Policies
Get access
Pages
155–296
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Published:February 2003
Cite
OXFORD ACADEMIC STYLE
Frankel, Jeffrey A., and others, 'Industrial Country Policies', in Martin Feldstein (ed.), Economic and Financial Crises in Emerging Market Economies (Chicago, IL , 2003; online edn, Chicago Scholarship Online, 21 Feb. 2013), https://doi.org/10.7208/chicago/9780226241104.003.0004, accessed 5 May 2025.
CHICAGO STYLE
Frankel, Jeffrey A., and others. "Industrial Country Policies." In Economic and Financial Crises in Emerging Market Economies. Edited by Martin Feldstein (ed.). University of Chicago Press, 2003. Chicago Scholarship Online, 2013. https://doi.org/10.7208/chicago/9780226241104.003.0004.
Abstract
This chapter examines the impact of the financial policies of industrial countries on the financial crises in emerging market economies. It analyzes the macroeconomic policies of the Group of Seven (G7) countries and the role of the G7 and the International Monetary Fund (IMF) in the management of international crises. This chapter identifies macroeconomic variables in industrialized countries that have major short-term impact on developing countries including growth rates, real interest rates and exchange rates.
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