Preventing country crises and corporate failures

FRBSF Economic Letter

2002-18; June 14, 2002

Country Crises and Corporate Failures: Lessons for Prevention and Management?

The recent wave of financial crises in emerging markets-Mexico in 1994-1995, Asia in 1997-1998, Russia in 1998, and Argentina in 2001-has exacted a considerable toll in terms of lost output and welfare and at times even posed a threat to the stability of world financial markets. As a result, many policymakers and economists have focused on the lessons to be learned from these

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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