Financial Markets and Development: The Crisis in Emerging Markets [Paperback]

This volume brings together market practitioners, policymakers, development specialists, and academics from developed and emerging market countries to examine the underlying causes of the Asian financial crisis and ways of preventing future crises in emerging markets. Contents of the volume include: ? The Asian Crisis: Causes and Consequences by Richard Cooper, Harvard University ? A Closer Look at Equity Flows to Emerging Markets by Michael Barth, Capital Markets Development Department, The World Bank, and Konstantinos Tsatsaronis, Monetary and Economic Department, Bank for International Settlements ? Corporate Governance and the Treatment of Minority Shareholders, by Kenneth Scott, Stanford Law School ? Foreign Investment in Asia by Jarrod Wilcox, PanAgora Asset Management ? The Future of Emerging Markets Investing by Michael Adler, Columbia Graduate School of Business ? Lessons of the Asian Crisis for Latin America by Sebastian Edwards, University of California at Los Angeles ? Global Capital Markets: What Do They Mean? by Ian Giddy, Stern School of Business, New York University Copublished with the World BankAlison Harwoodis a director with the Barents Group of KPMG Peat Marwick, where she designs and directs projects to develop capital markets, particularly in Eastern Europe. Previously, she worked at the Harvard Institute for International Development and at the Federal Reserve Bank of New York.Robert E. Litanis a senior fellow in Economic Studies at Brookings and vice president for research and policy at the Kauffman Foundation.Michael Pomerleanois lead financial specialist in the Financial Sector Operations and Policy Department of the World Bank.