New International Financial Architecture

Edited by Nouriel Roubini, Professor of Economics, Stern School of Business, New York University, US and Chairman, Roubini Global Economics, LLC and Marc Uzan, Founder and Executive Director, Reinventing Bretton Woods Committee, France

'An essential reference work for both scholars and practitioners concerned with financial crises. Roubini and Uzan have collected from around the world - from reports, conferences and professional journals alike - the key theoretical and applied work on the crisis problem. The result is hefty and therefore worth the price.'

• Contents:Volume I AcknowledgementsIntroduction Nouriel Roubini and Marc UzanPART ICAUSES OF THE CRISIS: CASE STUDIES AGeneral1. Stanley Fischer (1999), ‘Reforming the International Financial System’2. Policy Development and Review Department (2003), ‘The Balance Sheet Approach and its Applications at the Fund’3. Nouriel Roubini and Brad Setser (2004), ‘New Nature of Emerging Market Crises’BMexico4. Jeffrey Sachs, Aaron Tornell and Andrés Velasco (1996), ‘The Collapse of the Mexican Peso: What Have We Learned?’CAsia5. Steven Radelet and Jeffrey D. Sachs (1998), ‘The East Asian Financial Crisis: Diagnosis, Remedies, Prospects’6. Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini (1999), ‘What Caused the Asian Currency and Financial Crisis?’DRussia7. Abbigail J. Chiodo and Michael T. Owyang (2002), ‘A Case Study of a Currency Crisis: The Russian Default of 1998’EBrazil8. Morris Goldstein (2003), ‘Debt Sustainability, Brazil, and the IMF’FArgentina9. Ricardo Hausmann and Andrés Velasco (2002), ‘Hard Money's Soft Underbelly: Understanding the Argentine Crisis’GContagion and Twin Banking Crises10. Rudiger Dornbusch, Yung Chul Park and Stijn Claessens (2000), ‘Contagion: Understanding How It Spreads’11. Graciela L. Kaminsky and Carmen M. Reinhart (1999), ‘The Twin Crises: The Causes of Banking and Balance-of-Payments Problems’PART IICAUSES OF CRISES: THEORY ALiquidity Runs Models12. Roberto Chang and Andrés Velasco (1999), ‘Liquidity Crises in Emerging Markets: Theory and Policy’BMoral-Hazard Related Papers13. Paul Krugman (1998), ‘What Happened to Asia?’14. Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini (1999), ‘Paper Tigers? A Model of the Asian Crisis’CBalance Sheet Effects Models15. Paul Krugman (1999), ‘Balance Sheets, the Transfer Problem, and Financial Crises’16. Guillermo A. Calvo (1998), ‘Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops’17. Luis Felipe Céspedes, Roberto Chang and Andres Velasco (2000), ‘Balance Sheets and Exchange Rate Policy’Name IndexVolume II AcknowledgementsAn introduction by the editors to both volumes appears in Volume IPART IINTERNATIONAL FINANCIAL ARCHITECTURE REFORM: CRISIS PREVENTION AND RESOLUTION AArchitecture Reform1. Kenneth Rogoff (1999), ‘International Institutions for Reducing Global Financial Instability’2. Halifax Summit (1995), ‘Halifax Summit Communiqué’3. Robert E. Rubin (1998), ‘Strengthening the Architecture of the International Financial System’4. Lawrence H. Summers (2000), ‘International Financial Crises: Causes, Prevention, and Cures’5. Martin Feldstein (1999), ‘A Self Help Guide for Emerging Markets’BIMF Reform6. Lawrence H. Summers (1999), ‘The Right Kind of IMF for a Stable Global Financial System’7. Martin Feldstein (1998), ‘Refocusing the IMF’8. Joseph E. Stiglitz (2002), ‘The IMF’s Other Agenda’9. Allan H. Meltzer (2000), ‘Statement of Allan H. Meltzer on the Report of the International Financial Institution Advisory Commission Senate Committee on Banking, Housing, and Urban Affairs’CCrisis Resolution and PSI (Official Policy and Practice)10. William R. Cline (2002), ‘“Private Sector Involvement” in Financial Crisis Resolution: Definition, Measurement, and Implementation’11. Report of G7 Finance Ministers to the Köln Economic Summit (1999), ‘Strengthening the International Financial Architecture’ 12. Special Committee on Crisis Prevention and Resolution in Emerging Markets (2001), ‘Policy Statement’PART IIBAIL-INS VERSUS BAILOUTS: SDRM, CAC, CODE OF GOOD CONDUCT ACrisis Resolution13. Barry Eichengreen (2003), ‘Restructuring Sovereign Debt’14. Kenneth Rogoff and Jeromin Zettelmeyer (2002), ‘Early Ideas on Sovereign Bankruptcy Reorganization: A Survey’15. Anne Krueger (2002), ‘New Approaches to Sovereign Debt Restructuring: An Update on Our Thinking’, Address given at the Conference on “Sovereign Debt Workouts: Hopes and Hazards”16. John B. Taylor (2002), ‘Sovereign Debt Restructuring: A U.S. Perspective’, Remarks at the Conference “Sovereign Debt Workouts: Hopes and Hazards?”17. Nouriel Roubini and Brad Setser (2004), ‘Legal Reform’BModels of Bail-Ins and Bail-Outs and Catalytic Finance18. Carlo Cottarelli and Curzio Giannini (2002), ‘Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending’19. Andrew Haldane, Simon Hayes, Adrian Penalver, Victoria Saporta and Hyun Song Shin (2002), ‘Binding-in the Private Sector’PART IIIOTHER POLICY ISSUES AAppropriate Exchange Rate Regime for Emerging Markets20. Stanley Fischer (2001), ‘Exchange Rate Regimes: Is the Bipolar View Correct?’21. Guillermo A. Calvo and Carmen M. Reinhart (2002), ‘Fear of Floating’BDollarization22. Andrew Berg and Eduardo Borensztein (2000), ‘The Pros and Cons of Full Dollarization’CCapital Controls23. Eswar Prasad, Kenneth Rogoff, Shang-Jin Wei and M. Ayhan Kose (2003), ‘Effects of Financial Globalization on Developing Countries: Some Empirical Evidence’24. Jagdish Bhagwati (1998), ‘The Capital Myth: The Difference Between Trade in Widgets and Dollars’DAn International Lender of Last Resort (ILOLR)25. Stanley Fischer (1999), ‘On the Need for an International Lender of Last Resort’26. J. Sachs (1995), ‘Do We Need an International Lender of Last Resort’Name Index