...This chapter examines whether there are financial policies that can prevent financial crises in emerging market countries. It proposes a framework for understanding what a financial crisis is in emerging market countries and the dynamic process through which these crises occur, and uses...

...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...

..., provide economic background, introducing sections on exchange rate regimes, financial policies, industrial country policies, IMF stabilization policies, IMF structural programs, and creditor relations. Next, personal statements from the major players give firsthand accounts of what really went on behind...