macroeconomics, Economic Crises, East Asia

Jason Furman

Joseph E. Stiglitz

English

Research Papers in Economics

A Model of Balance-of-Payments Crises.&quot;

A Nonconcavity in the Value of Information.&quot;

A Self-Fulfilling Model of Mexico's 1994-95 Debt Crisis.&quot;

Are Currency Crises Predictable? A Test. &quot; Working Paper WP/98/154.

Are Currency Crises Self-Fulfilling? A Test.&quot;

Asia-Pacific Consensus Forecasts.

Bank Insolvencies: CrossCountry Experience.&quot; Policy Research Working Paper 1620.

Bank Runs, Deposit Insurance, and Liquidity.&quot;

Bank Soundness and Macroeconomic Policy. Washington: International Monetary Fund.

Banking Crises in Emerging Economies: Origins and Policy Options.&quot;

Banking System Failures in Developing and Transition Countries: Diagnosis and Prediction.&quot; Working Paper 39. Basle: Bank for International Settlements (January).

Before The Fall: Were East Asian Currencies Overvalued?&quot; Working Paper 6491.

Capital Flight as Portfolio Choice.&quot; Unpublished paper. World Bank

Capital Flows to Latin America: Is There Evidence of Contagion Effects?&quot; In Private Capital Flows to Emerging Markets After the Mexican Crisis, edited by

Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors.&quot;

Collapsing Exchange-Rate Regimes: Some Linear Examples.&quot;

Common Fundamentals in the Tequila and Asian Crises.&quot; Unpublished paper.

Contagion, Globalization, and the Volatility of Capital Flows.&quot;

Contagious Currency Crises: First Tests.&quot;

Country Fund Discounts and the Mexican Crisis of

Country Funds and Asymmetric Information.&quot; Policy Research Working Paper 1886.

Credibility and Exchange Rate Management in Developing Countries. &quot;

Credibility of Policies versus Credibility of Policymakers.&quot;

Credit Rationing in Markets with Imperfect Information.&quot;

Currency Crashes in Emerging Markets: An Empirical Treatment.&quot;

Currency Crises and Collapses.&quot;

Current Account Reversals and Currency Crises: Empirical Regularities.&quot; Working Paper 6620.

Development Macroeconomics.

Do High Interest Rates Defend Currencies Against Speculative Attacks?&quot; Unpublished paper. World Bank

Does Foreign Exchange Intervention Work?

Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz.&quot;

Econometrics and Presidential Elections.&quot;

Equilibrium Dynamics with Heterogeneous Capital Goods.&quot;

Everyone's Miracle? Revisiting Poverty and Inequality in East Asia.

Examining Alternative Macroeconomic Theories.&quot;

Expectations and Exchange Rate Dynamics.&quot;

Externalities in Economies with Imperfect Information and Incomplete Markets.'&quot;

Federal Reserve Private Information and the Behavior of In- 134 Brookings Papers on Economic Activity, 2:1998 terest Rates.&quot; Working Paper 5692.

Finance and Its Reform: Beyond Laissez-Faire.&quot;

Financial Crises in Emerging Markets: The Lessons from 1995.&quot; BPEA,

Financial Deregulation and Integration in East Asia.

Financial Deregulation, Credit Boom and the Banking Crisis: The Case of Norway.&quot; Discussion Paper 15192.

Financial Development and Economic Growth: Views and Agenda.&quot;

Financial Development in Asia: Some Analytical Issues.&quot;

Financial Liberalization and Financial Fragility.&quot; Working Paper WP/98/83.

Financial Liberalization: The Korean Experience.&quot;

Financial Market Imperfections and Business Cycles.&quot;

Financial Markets, Public Policy, and the East Asian Miracle.&quot;

Global Development Finance

Good-Bye Financial Repression, Hello Financial Crash.&quot;

Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization.

I 1998a. East Asia: Road to Recovery.

Indonesia: Is the Light at the End of the Tunnel Oncoming Traffic?&quot; Deutsche Bank Research, Emerging Markets Research

Information and Economic Analysis.&quot; In Current Economic Problems, edited by Michael Parkin

Is the Stabilization of the Postwar Economy a Figment of the Data?&quot;

It's Not What You Know

Leading Indicators of Currency Crises.&quot;

Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough?&quot; Unpublished paper.

Looting: The Economic Underworld of Bankruptcy for Profit.&quot;

Manias, Panics, and Crashes: A History of Financial Crises, 3d ed.

Market Volatility.

Models of Currency Crises with Self-Fulfilling Features.&quot;

Monitoring Banking Sector Fragility: A Multivariate Logit Approach with an Application to the 1996-97 Banking Crises.&quot; Unpublished paper. World Bank and International Monetary Fund

On the Efficiency of the Competitive Stock Markets Where Trades Have Diverse Information.&quot;

Overshootings and Reversals: The Role of Monetary Policy.&quot; Unpublished paper. International Monetary Fund

Paper Tigers? A Preliminary Assessment of the Asian Crisis.&quot; Paper prepared for NBERBank of Portugal International Seminar on Macroeconomics.

Political Cycles and the Macroeconomy.

Real Exchange Rates, Devaluation, and Adjustment: Exchange Rate Policy in Developing Countries.

Refocusing the IMF.&quot;

Regulatory Discretion and the Unofficial Economy.&quot;

Safe and Sound Banking in Developing Countries: We're Not in Kansas Anymore.&quot;

Secrets of the Temple: How the Federal Reserve Runs the Country. Simon and Schuster.

Services. Various years. International Country Risk Guide.

Short-term Contracts as a Monitoring Device.&quot; Working Paper 4514.

Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises.&quot; Working paper 6370.

The Aftermath of Appreciations.&quot; Working Paper 5650.

The Allocation of Investment in a Dynamic Economy.&quot;

The Asian Crisis: The High Debt Model Versus the Wall Street-Treasury-IMF Complex.&quot; New Left Review 228(March-April):

The Asian Liquidity Crisis in Perspective.&quot;

The Determinants of Banking Crises in Developing and Developed Countries.&quot;

The East Asian Crisis-Was It Expected?&quot; Unpublished paper. World Bank and

The East Asian Financial Crisis: Diagnosis, Remedies, Prospects.&quot;

The East Asian Miracle: Economic Growth and Public Policy.

The East Asian Miracle: Four Lessons for Development Policy.&quot;

The Great Depression of the 1990s in Finland.&quot;

The Logic of Currency Crises.&quot;

The Mexican Peso Crisis: How Much Did We Know? When Did We Know It?&quot;

The New Wave of Private Capital Inflows: Push or Pull?&quot;

The Nordic Banking Crises: Pitfalls in Financial Liberalization?&quot; Working Paper WP/95/61.

The Onset of the East Asian Financial Crisis.&quot; Unpublished paper.

The Perils of Sterilization.&quot;

The Political Economy of Capital Controls.&quot; In Capital Mobility: The Impact on Consumption, Investment, and Growth, edited by Leonardo Leiderman and Assaf Razin.

The Purchasing-Power Parity Doctrine: A Reappraisal.&quot;

The Signaling Effect of Foreign Exchange Intervention: The Case of Japan. &quot;

The Theory of 'Screening,' Education, and the Distribution of Income.&quot;

The Twin Crises: The Causes of Banking and Balance-of-Payments Problems.&quot; International Finance Discussion Papers 544. Board of Governors of the Federal Reserve System.

The Unstable EMS.&quot;

Theoretical Notes on Trade Problems.&quot;

Trade Policy in Post-Crisis Thailand.&quot; Unpublished paper. World Bank (October). Jason Furman and

Volatility and Contagion in a FinanciallyIntegrated World: Lessons from East Asia's Recent Experience.&quot; Paper prepared for the PAFTAD 24 Conference on &quot;Asia Pacific Financial Liberalization and Reform.&quot;

Economic Crises: Evidence and Insights from East Asia

http://www.brookings.edu/~/media/Files/Programs/ES/BPEA/1998_2_bpea_papers/1998b_bpea_furman_stiglitz_bosworth_radelet.pdf

Economic Crises: Evidence and Insights from East Asia

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Research Papers in Economics