"Markets have had limited success predicting crises and might do better by drawing on private information available to resident enterprise managers, who seem to

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma

Dabrowski (Center for Social and Economic Research, Warsaw, Poland) presents eight comparative papers from a research project carried by his organization betwee

This paper estimates a speculative attack model of currency crises in order to identify the role of economic fundamentals and any early warning signals of a pot

''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist wh