From Halifax to Lyons: What Has Been Done About Crisis Management?

Lawrence H. Summers, Cline, W-R, Barry Eichengreen (), Richard Portes (), A Fraga and M Goldstein

Princeton Studies in International Economics from International Economics Section, Departement of Economics Princeton University,

Abstract: At the Halifax Summit, in June 1995, the leaders of the G-7 countries proposed several steps to strenghen the international financial system and to apply the lessons taught by the Mexican crisis of 1994-95. Most of those steps have now been taken. They represent a cohesive response to the most challenging problem facing the international financial system - the risk that a country experiencing large capital inflows will have suddenly to cope with large outflows when market participants revise their views about the country's prospects.

Keywords: INTERNATIONAL; FINANCE (search for similar items in EconPapers)
JEL-codes: F3 (search for similar items in EconPapers)
Date: 1996
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Working Paper: From Halifax to Lyons: What Has Been Done About Crisis Management? (1996)
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