-
Article
Mundell-Fleming Lecture: Contractionary Currency Crashes in Develo** Countries
To update a famous old statistic: a political leader in a develo** country is almost twice as likely to lose office in the six months following a currency crash as otherwise. This difference, which is highly...
-
Article
Comment on "Toward a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice around the World"
-
Article
Panel Discussion: Promoting Better National Institutions: The Role of the IMF
-
Article
Open Regionalism in a World of Continental Trade Blocs
Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering their trade volume with outside countries, they h...
-
Article
Country fund discounts and the mexican crisis of December 1994: Did local residents turn pessimistic before international investors?
It has been suggested that Mexican investors were the “front-runners” in the peso crisis of December 1994, turning pessimistic before international investors. Different expectations about their own economy, pe...