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This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma

The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a w

"A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publication Financial crises in emerging economies are very d

In recent years we have seen a growing number of banking and financial crises in emerging market countries, with great costs to their economies. But we now have

Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future o