Financial Crises in Japan and Latin America

In the developed and developing world alike, financial crises impede economic growth and can even threaten a nation’s stability. Yet despite the frequency of such crises, there is still no generally accepted set of policies and actions to prevent and respond to them.

Financial Crises in Japan and Latin America examines episodes from the 1990s in different regions and countries with contrasting cultures and levels of development. The book looks at the key issues and lessons that policymakers must consider in designing an adequate framework for dealing with financial crises. These include structural problems and their causes, policy actions, the role of market discipline, and preemptive strategies.

By comparing experiences and relating theory to empirical episodes, the book sheds light on how financial crises come about and how to best resolve them. It is a must read for financial practitioners, bankers, policymakers, regulators and supervisors in Latin America, Japan and beyond who are on the front line at moments of crisis and must make the tough decisions required.