A regional approach to financial crisis prevention : lessons from Europe and initiatives in Asia, Latin America and Africa

A Regional Approach to Financial Crisis Prevention: Lessons from Europe andInitiatives in Asia,Latin America and Africa......Page 4 Contents......Page 6 Acknowledgements......Page 8 Notes on the Contributors......Page 9 Abbreviations......Page 14 Introduction by J.J. T eunissen......Page 16 Part I: Lessons from European Economic Integration ......Page 22 Regional Exchange Rate Arrangements: Some Lessons From Europe by Charles Wyplosz......Page 24 Comment on Wyplosz by Bill White......Page 51 Comment on Wyplosz by Zdenek Drabek......Page 55 Comment on Wyplosz by Brian Kahn......Page 62 Floor Discussion......Page 66 Part II: Managing Economic Convergence and Financial Stability in the EU Accession Countries of Central and Eastern Europe ......Page 70 Managing Economic Convergence and Financial Stability in the Czech Republic by Oldrich Dedek......Page 72 Financial Stability, Monetary Policy and Integration: Policy Choices for Transition Economies by János Vincze......Page 89 Comment on Dedek and Vincze by Stephany Griffith-Jones......Page 108 Floor Discussion......Page 113 Part III: Regional Economic Integration in East Asia and South America......Page 120 Beyond the Chiang Mai Initiative: Rationale and Need for a Regional Monetary Arrangement in East Asia by Y.C. Park......Page 122 Comment on Park by Leslie Lipschitz......Page 149 Regional Interdependencies and Macroeconomic Crises in Mercosur by Daniel Heymann......Page 154 Comment on Park and Heymann by Amar Bhattacharya......Page 172 Floor Discussion......Page 178 Part IV: The Role of Regional and Global Institutions in Crisis Prevention and Management ......Page 186 The Role of Regional Institutions by José Antonio Ocampo......Page 188 A Regional Approach to the Exchange Rate by Heiner Flassbeck......Page 191 A Predictable Framework for Crisis Resolution by Paul Jenkins......Page 195 The Complementary Role of Regional Groups by Leslie Lipschitz......Page 200 The Role of Regional and Global Institutions by William White......Page 204 Appendix......Page 208