The Asian financial crisis : causes, contagion and consequences / editedby Pierre-Richard Agenor.

Includes bibliographical references and index.

Introduction / Pierre-Richard Agénor ... [and others] -- Pt. 1. General accounts. 1. The role of macroeconomic and financial sector linkages in East Asia's financial crisis / Pedro Alba ... [and others] ; 2. The Asian crisis: lessons from the collapse of financial systems, exchange rates and macroeconomic policy / Jenny Corbett and David Vines ; 3. Are capital inflows to developing countries a vote for or against economic policy reforms? / Michael P. Dooley ; 4. The Asian crisis: an overview of the empirical evidence and policy debate / Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini --Pt. 2. Theoretical contributions. 5. Capital markets and the instability of open economies / Philippe Aghion, Philippe Bacchetta and Abhijit Banerjee ; 6. Volatility and the welfare costs of financial market integration / Pierre-Richard Agénor and Joshua Aizenman ; 7. A theory of the onset of currency attacks / Stephen Morris and Hyun Song Shin -- Pt. 3. Contagion. 8. Contagion: monsoonal effects, spillovers and jumps between multiple equilibria / Paul Masson ; 9 Contagion and trade: why are currency crises regional? / Reuven Glick and Andrew K. Rose ; 10. Competition, complementarity and contagion in East Asia / Ishac Diwan and Bernard Hoekman -- Pt. 4. Policy responses. 11. Coping with crises: is there a 'silver billet'? / Amar Bhattacharya and Marcus Miller ; 12. Must financial crises be this frequent and this painful? / Joseph Stiglitz ; 13. Round Table discussion / Richard Portes, Phillip Turner and Charles A. Goodhart -- Index.