InhaltsangabeIntroduction; S.S. Rehman. Part I: History and Background. 1. Managing Financial Crises: Who's in Charge? H.C. Reed. Part II: European Union and Other Regional Exchange Rate Arrangements. 2. Monetary Unions in Europe; A. Walters. 3. Financial Crisis Management in the EU/ERM; H. Tietmeyer. 4. Italy: Two Foreign Exchange Crises; R. Rinaldi, C. Santini. 5. The Single Currency as a Stabilizing Factor in International Relations: A French View; A. de Lattre. 6. EMU and the Swiss Franc; K. Villiger. 7. Exchange Rate and Economic Policy in Three Regional Blocs: The EU, the GCC and the CFA; F. Modigliani, H. Askari. Part III: The Mexican Crises and the Tequila Effect. 8. The Mexican Financial Crisis of 1994-95: An Asymmetric Information Analysis; F.S. Mishkin. 9. The Argentine Banking Panic After The `Tequila' Shock: Did `Convertibility' Help or Hurt? R.B. Fernandez, L. Schumacher. Part IV: The Transforming Economies. 10. The Consolidation of Russian Banking: The Big Picture; J. Nell. 11. Managing Financial Turbulence: Czech Experience; J. Tosovský. 12. Stabilization without Recession: The Success of a Long Awaited Financial Adjustment in Hungary; L. Bokros. Part V: Special Topics: Public Debt and War. 13. Self-Fulfilling Public Debt Crises; D. Gros. 14. The Impact of the Iraqi Invasion on the Kuwaiti Banking and Financial System: Lessons Learned from a Financial Crisis; S.A.A. Al-Sabah. Part VI: The Role of the IMF. 15. Financial Crisis Management and the Role of the IMF: 1970-1995; A.F.P. Bakker, A.J. Kapteyn. 16. The Role of the International Monetary Fund in Promoting Stability in the Global Economy; P. Maystadt. Part VII: Summary and Conclusions. Scheherazade S. Rehman. Index.

Introduction; S.S. Rehman. Part I: History and Background. 1. Managing Financial Crises: Who''s in Charge? H.C. Reed. Part II: European Union and Other Regional Exchange Rate Arrangements. 2. Monetary Unions in Europe; A. Walters. 3. Financial Crisis Management in the EU/ERM; H. Tietmeyer. 4. Italy: Two Foreign Exchange Crises; R. Rinaldi, C. Santini. 5. The Single Currency as a Stabilizing Factor in International Relations: A French View; A. de Lattre. 6. EMU and the Swiss Franc; K. Villiger. 7. Exchange Rate and Economic Policy in Three Regional Blocs: The EU, the GCC and the CFA; F. Modigliani, H. Askari. Part III: The Mexican Crises and the Tequila Effect. 8. The Mexican Financial Crisis of 1994-95: An Asymmetric Information Analysis; F.S. Mishkin. 9. The Argentine Banking Panic After The Tequila'' Shock: Did Convertibility'' Help or Hurt? R.B. Fernandez, L. Schumacher. Part IV: The Transforming Economies. 10. The Consolidation of Russian Banking: The Big Picture; J. Nell. 11. Managing Financial Turbulence: Czech Experience; J. Tosovsky. 12. Stabilization without Recession: The Success of a Long Awaited Financial Adjustment in Hungary; L. Bokros. Part V: Special Topics: Public Debt and War. 13. Self-Fulfilling Public Debt Crises; D. Gros. 14. The Impact of the Iraqi Invasion on the Kuwaiti Banking and Financial System: Lessons Learned from a Financial Crisis; S.A.A. Al-Sabah. Part VI: The Role of the IMF. 15. Financial Crisis Management and the Role of the IMF: 1970-1995; A.F.P. Bakker, A.J. Kapteyn. 16. The Role of the International Monetary Fund in Promoting Stability in the Global Economy; P. Maystadt. Part VII: Summary and Conclusions. Scheherazade S. Rehman. Index.