Financial crises in emerging markets-NY Fed paper

Terrence J. Checki and Ernest Stern from the New York Fed have written a paper "Financial Crises in the Emerging Markets: The Roles of the Public and Private Sectors" in Current Issues in Economics and Finance. Although published back in November 2000 it might have been overlooked and is worth reading.


In the wake of the emerging market turmoil of recent years, a broad consensus has developed on ways of strengthening the institutional framework to create more robust, and thus more crisis

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