Coping with Capital Flows in East Asia

"The editors have done an excellent job in ensuring that every chapter gives a competent and clear picture of capital account developments and monetary and exchange rate policies in the chosen country in the period leading up to the crisis" (Bulletin of Indonesian Economic Studies).

This timely book examines how the countries of East Asia coped with the
          vast pool of international capital that flowed into the region during the early 1990s. East Asia appeared to be doing well. But, as this book was in preparation in 1997, a currency crisis sent capital fleeing and catapulted the East Asian economies into turmoil. Country-specific updates describe events since July 1997, how government authorities addressed the crisis, and what lessons can be learned.