Understanding Financial Crises: A Developing Country Perspective

Prepared for the World Bank Annual Conference on Development Economics, April 25-26, 1996, Washington, DC, I thank Agustin Carstens and the staff at the Bank of Mexico, Terry Checki, Marilyn Skiles, and participants at seminars at the Federal Reserve Bank of New York, the International Monetary Fund, the Interamerican Development Bank and the World Bank Development Conference for their helpful comments and Martina Heyd for research assistance.

Link to material: http://www.nber.org/papers/w5600.pdf