Alternative approaches to financial crises in emerging markets

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Jeffrey Sachs

Abstract

This text analyzes the occurrence of crises in the financial markets of the so-called
emerging economies. In the second section, we analyze the factors that can lead to financial
crises in these markets, as well as suggest some macroeconomic measures or institutional
arrangements that could prevent or minimize them. The third section discusses the role of
international organizations, especially the IMF, in preventing and resolving these crises.


JEL Classification: F37; F65.

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How to Cite
Sachs, Jeffrey. 1996. “Alternative Approaches to Financial Crises in Emerging Markets”. Brazilian Journal of Political Economy 16 (2):202-16. https://doi.org/10.1590/0101-31571996-0954.
Section
Review