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Paperback Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets Book

ISBN: 0881323306

ISBN13: 9780881323306

Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets

International investors poured vast sums of money into East Asian and Latin American countries during the mid-1990s, when the emerging market boom was at its peak. Then Thailand stumbled and panic seized the markets, and boom gave way to bust. Investors suffered large financial losses, while Asian countries suddenly experienced large capital outflows and the macroeconomic pressures these wrought plunged countries that had been growing rapidly ("miraculously")...

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