7. The Aftermath of the 1992 ERM Breakup: Was There a Macroeconomic Free Lunch?

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments ix
4. Introduction 1
5. 1. Currency Crisis and Unemployment: Sterling in 1931 7
6. 2. Political Contagion in Currency Crises 47
7. 3. Balance-of-Payments Crises in Emerging Markets: Large Capital Inflows and Sovereign Governments 71
8. 4. The Onset of the East Asian Financial Crisis 105
9. 5. Is Launching the Euro Unstable in the Endgame? 163
10. 6. The Mexican Peso in the Aftermath of the 1994 Currency Crisis 183
11. 7. The Aftermath of the 1992 ERM Breakup: Was There a Macroeconomic Free Lunch? 241
12. 8. Current Account Reversals and Currency Crises: Empirical Regularities 285
13. 9. Panel Presentation: The Asian Model, the Miracle, the Crisis, and the Fund 327
14. 10. Panel Presentation: Involving the Private Sector in Crisis Resolution 339
15. Contributors 345
16. Author Index 347
17. Subject Index 351