An International Finance Reader Book

	List of illustrations
	About the editor
	List of contributors
	Prefatory and introductory comments
	Acknowledgments
1	Global financial markets: the twenty-first century	3
2	Globalization in the world of finance	12
3	Managing globalization: macroeconomic, financial sector and exhange rate volatility	27
4	Challenges regarding euro area financial market integration	46
5	Strengthening the international financial architecture: where do we stand?	65
6	Strengthening the international financial architecture: making markets work better	87
7	A new global financial order: the art of the possible	104
8	Promoting international financial stability: sovereign debt restructuring	114
9	International financial institutions: adapting to a world of private capital flows	145
10	International institutions for reducing global financial instability	159
11	The catalysing role of policy-based lending by the IMF and the World Bank: fact or fiction?	180
12	International Financial Institution Advisory Commission	204
13	Solving the currency conundrum	223
14	Pegging and stabilization policy in developing countries	245
15	EMU, the euro and the European policy mix: the nascent stage	267
16	Capital flows to the emerging market economies: stimulants and depressants	309
17	Coping with crises in emerging markets: adjustment versus financing	334
18	Patterns of capital flows to emerging markets: a theoretical perspective	341
19	On crises, contagion and confusion	359
20	What caused the Asian crisis?	381
21	The crisis of 1998 and the role of the central bank	401
22	Financial restructuring in banking and corporate sector crises - what policies to pursue?	439
23	Buoyant investment in OECD economies: how much can the fundamentals explain?	468
	Index	489