内容

目次

Part 1 The Asian crisis in perspective: excess competition, moralhazard, and industrial trauma in Korea (1997-1998); the Asian crisis inperspective; the East-Asian financial crisis; Latin America confronting theAsian crisis. Part 2 Debt restructuring and orderly work outs: exorcisingAsian debt; at the insolvency masquerade, what mask for the IMF?; sovereignrescues. Part 3 Moral hazard and systemic risk: systemic risk, moral hazard,and the international lender of last resort; dealing with systemic risk;handling liquidity crises.