Currenct Events
By
1. Global Recovery? 2. Brazil Devaluation 3. Asia Financial Crisis
4. Latin America 5. Africa, Eastern Europe, and Middle East 6. Major Newsites
7. Finance Supersites 8. Hedge Fund
Towards a New Paradigm for Development: Strategies, Policies, and Processes, World Bank Chief Economist, 10/99
Two Principles for the Next Round, Or, How to Bring Developing Countries in from the Cold, World Bank Chief Economist, 9/99
Krugman, Recovery? Don't count on it
Krugman, When good things happen to bad ideas
International Finance Discussion Papers, The Federal Reserve Board
A. New York Times Special Feature Articles:
1.
How U.S. Wooed Asia to Let Cash Flow In2.
Who Sank, or Swam, in Choppy Currents of a World Cash Ocean3.
World's Markets, None of Them an Island4.
The World's Ills May Be Obvious, but Their Cure Is NotB. Other Major Articles
The Crisis of Global Capitalism, Dornbusch, 12/1998
World Bank: 1998/99 World Economic Outlook
International Capital Markets: Developments, Prospects, and Key Policy Issues by IMF (9/98)
Are Banking Crises Predictable, IMF, Daniel C. Hardy
Financial Crises in Emerging Markets, IMF, Donald J. Mathieson, Anthony Richards, and Sunil Sharma
Brazil Beyond Tropical Illusion, Dornbusch, 2/1/99
The Brazil Effect on Commodities: Forget the New Tractor Jan. 27, 1999, NYT
Brazil's Economic Crisis Pits President Against Governors Jan. 25, 1999, NYT
As an Economy Sinks, U.S. Sees Painful Choices, DAVID E. SANGER, New York Times
Brazil goes through the floor: Stephen Fidler and Geoff Dyer, Financial Times
BANKING SHARE PRICES OF BANKS WITH BIG BRAZIL EXPOSURE SUFFER SHARP FALLS, Financial Times
Currency devaluation sends Brazil reeling, Elliot Blair Smith; Rich Miller, US Today
Brazil Devalues Currency; Wider Crisis Feared; Global Markets Fall, Paul Blustein, Washington Post
A Crisis With Global Implications, Steven Mufson, Washington Post
Brazil Letter of Intent to the IMF (11/98)
3: Asia Financial Crisis
Krugman, Analytical afterthoughts on the Asian crisis (9/99)
How Asian Currencies Tumbled So Quickly
The IMF's Response to the Asian Crisis - a Factsheet
"The Onset of the East Asian Financial Crisis" by Steve Radelet and Jeffrey Sachs (3/98)
"What Happened to Asia?" by Paul Krugman (Jan 1998)
World Bank. East Asia: The Road to Recovery (10/98)
Asian Crises Themes,Dornbusch, [February, 1998]
"The Myth of Asia's Miracle: A Cautionary Fable" by Paul Krugman (Foreign Affairs 1994)
World Bank: The making of the East Asia miracle (10/93)
The East Asian Miracle - One Paradigm Too Many? by Edith Terry
Asia's Miracle is Alive and Well? Wrong, It Never Existed by Paul Krugman
East Asian Growth Before and After the Crisis, IMF:Crafts, Nicholas;
The East Asian Crisis - Macroeconomic Developments and Policy Lessons, IMF:Stone, Mark; Kochar, Kalpana;
The Asian Financial Crisis: Causes, Cures, and Systemic Implications by Morris Goldstein (6/98)
The Asian Liquidity Crisis by Roberto Chang and Andres Velasco (July 1998)
"The Asian Crisis: Is there a Way out? Are the IMF Prescriptions Right? by W. Max Corden
Which Capitalism? Lessons from the East Asian Crisis by Luigi Zingales and Raghuram G. Rajan, (9/98)
Ronald McKinnon: Exchange Rate Coordination for Surmounting the East Asian Currency Crises (8/98)
Is There a Credit Crunch in East Asia? by Wei Ding, Ilker Doma?, and Giovanni Ferri
Prospective Deficits and the Asian Currency Crisis by Burnside, Eichenbaum and Rebelo (10/98)
The Economic Miracle in a Haze by Manuel F. Montes
Exchange Rate Policy and Monetary Strategy Options in the Philippines - The Search for Stability and Sustainability IMF:
Houben, Aerdt;
The Korean Financial Crisis of 1997-1998 by Irma Adelman and Song Byung Nak (8/98)
Japan
Krugman, Time on the cross: can fiscal policy save Japan? (9/99)
Krugman, Land of the rising yen (9/99)
Yen Crisis: That Sinking Feeling (FT 8/98)
Avinash Persuad: Don't Blame Japan (FT 8/98)
"Japan's Trap" by Paul Krugman (5/98)
Restoring Japan's Economic Growth by Adam S. Posen (9/98)
"The Asian Crisis, the IMF, and the Japanese Economy" by Stanley Fischer (4/98)
China
The China Page of the South China Morning Post
Why is China Growing So Fast? by Zuliu Hu and Mohsin, S. Khan (IMF)
Can China Avert Crisis? (Business Week 3/16/98)
Second-Generation Strategies for Reform for China by Joseph Stiglitz (7/98)
China's Transitional Economy (Australian Department of Foreign Affairs and Trade 7/97)
Data Source
4: Latin America
Brazil Letter of Intent to the IMF (11/98)
Krugman, Don't laugh at me. Argentina (1999)
IMF Press Conference on the Brazil Package (11/98)
Brazil and the IMF, Dornbusch [November, 1998]
Economic and Social Progress in Latin America: annual in-depth report by IADB IADB
Fiscal Discipline and the Choice of Exchange Rate Regime by IADB Tornell, Aaron; Velasco, Andres
Balance-of-Payments Rescue Packages: Can They Work? By IADB Fernández-Arias, Eduardo
Savings in Chile. What Went Right? By IADB Morandé, Felipe G.
Make or Buy? Approaches to Financial Market Integration by IADB Hausmann, Ricardo; Gavin, Michael
Varieties of Capital-Market Crises by IADB Calvo, Guillermo
Transition to a Functional Financial Safety Net in Latin America by IADB Garber, Peter M.
Credit Union Policies and Performances in Latin America by IADB Shaffer, Sherrill; Westley, Glenn
Institutional Investors, Pension Reform and Emerging Securities Markets by IADB Blommestein, Hans J.
Regional Financial Market Integration: Learning from the European Experience by IADB Steil, Benn
Debt Management: Some Reflections Based on Argentina by IADB Kiguel, Miguel A.
Financial Crises in Latin America: Then and Now by Graciella Kaminsky and Carmen Reinhart
Latin America's swan song (Krugman notes on the current dilemma)
Impact of the Asian Crisis on Latin America (ECLAC)
THE INTERNATIONAL FINANCIAL CRISIS: A VIEW FROM ECLAC
World Bank Asian Lessons for Latin America Roundtable Transcript
ECONOMIC SURVEY OF LATIN AMERICA AND THE CARIBBEAN, 1996-1997, by UN's ECLAC
List of Financial Institutions in Latin America
Financial Data on Latin America
World Bank Paper 1529. Interest Rates, Credit, and Economic Adjustment in Nicaragua
World Bank Paper 1519. Payment Systems in Latin America: A Tale of Two Countries-Colombia and El Salvador Robert Listfield and Fernando Montes-Negret
Data Source
Economic Data on Latin America: More than 1400 Links to Latin American Finances
IADB's economic, trade and social databases Comprehensive data on Latin America
Latin Equity Market Links with links to all Latin equity markets
5: Africa, Eastern Europe, and Middle East
Challenges Facing the Transition Economies of Central Asia by Michel Camdessus (5/98)
Monetary Operations and Government Debt Management Under Islamic Banking, IMF:Sundararajan, V; Marston, David; Shabsigh, Ghiath
Hard Currency and Sound Credit: A Financial Agenda For Central Europe,Dornbusch, [May, 1998]
Islamic Banking - Issues in Prudential Regulations and Supervision, IMF:Errico, Luca; Farahbaksh, Mitra;
Africa - Is This the Turning Point? IMF: Fischer, Stanley; Hernandez-Cata, Ernesto; Khan, Mohsin S
External Borrowing in the Baltics, Russia, and Other States of the Former Soviet Union - the Transition to a Market Economy IMF: Odling-Smee, John; Zavoico, Basil;
Russia
Russia Meltdown or Stabilization?Dornbusch, [September, 1998] New!
Legal and Institutional Obstacles to Growth and Business in Russia IMF: Buckberg, Elaine
Russia's Precapitalist Economy: How Can You Have a Bust if You Never Had a Boom? NYTimes, 12/27/98New!
For Russia and Its U.S. Bankers, Match Wasn't Made in Heaven, NY Times, 10/18/98 New!
Bankers' Wars in Russia Trophies and Wounds, by Natalia Dinello
Data Source
European Bank for Reconstruction and Development
Czech Republic Selected Issues IMF Staff Country Report No. 98/36
Official Economic Statistics (Interest Rates, Foreign Reserves, Balance of Payments)
African Equity market Links with links to all African equity markets
The South African Reserve Bank
Eastern European Equity market Links with links to all European emerging equity markets
Middle-East Equity Market Links with links to all Middle East equity markets
6: Major Newsites
Investor's Business Daily Web Edition
Wall Street Journal Interactive Edition
MSNBC Wall Street Journal Highlights
7. Finance Supersites
Absolute Investments Web-zine - offering a subscription-based online magazine
Barron's Online - electronic edition of Dow Jones & Company's business and financial weekly magazine
Barra Seucrities: fixed income instruments and financial research
CommonCents - personal finance journal.
DBC Online: GlobalMarkets provides extensive quotes on world stocks, indices, exchange rates and commodities
Center for Latin American Capital Markets Research: Exchanges
Computerized Trader's Interesting Sites List
DBC Online: Financial and Investment Links
DINO - Wirtschaft - Finanzielle M?rkte
Financial Information Link Library
Finance Resources on the WWW (Graphics Version)
International Economics Gateway
Forbes - table of contents, cover story from Forbes.
Individual Investor - requires registration.
Mauro Magnani's "FINANCE AREA"
Merrill Lynch OnLine Today - online magazine with financial news and analysis
Money Magazine - Features guides to mutual funds, company reports, the best loan rates in your area.
Money Talks - investment magazine for individual investors.
MoneyMinded - personalized and practical guide to saving, investing, borrowing and spending.
Moneywise - UK personal finance magazine featuring news, advice, spending and investment tips, and financial product investigations.
MZES/EURODATA - External Links
Resources for Economists on the Internet
Personal Investment - from Australia. Each month contains practical information and advice for personal wealth creation.
Poder & Dinero - business and financial monthly in Spanish reporting on Colombian economy.
SmartMoney Interactive - offers commentary, hourly updates, portfolio tracking, broker ratings, and more.
Tracker Magazine -providing analysis and commentary on the FTSE 100 Index.
Trusts and Estates MagazineMorgan Stanley CapitalInternational provides information on Morgan Stanley's World and Emerging Market Indices with historical data available back to December 1995
Telekurs Financial Information Service
Wall Street Online:Destination Links
WebEc - WWW Resources in Economics
WORLD WIDE WEB SITES FOR INVESTORS
Worldwide Gov't Information Links
Wall Street Research Net's Home Page
Yahoo - Business and Economy:Markets and Investments:Stocks
Worth Magazine - daily news from the world of finance, access to top financial experts, and tips.