In the wake of the Asian financial crisis, many of the region\'s once-prosperous nations find themselves struggling to recover from crippling financial debt. In this volume, the second in Brookings\' Emerging Markets Finance series, leading specialists focus on the debt workout process stemming from the crisis....

This volume brings together market practitioners, policymakers, development specialists, and academics from developed and emerging market countries to examine the underlying causes of the Asian financial crisis and ways of preventing future crises in emerging markets....

The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Based on input from the world?s most prominent capital market experts and leading policymakers in developing countries, this volume represents the latest thinking in capital market development....

In both the industrialized and developing worlds, a distinctive feature of the last two decades has been prolonged buildups and sharp collapses in asset markets such as stock, housing, and exchange markets....