The Routes to Crisis Contagion

Jr, Robert Dunn

Challenge, 2001, vol. 44, issue 6, pages 45-58

Abstract: This economist argues that financial crises can easily spread through the international capital markets. Thus, arguments that we do not need a lender of last resort, such as the International Monetary Fund, are misdirected. He also argues for better financial information, reformed bankruptcy laws, and more moderate use of short-term debt.

Date: 2001

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