International Financial Crises

1.Explain the different kinds of financial crisis? What causes these financial crisis? Review the Reinert paper to explain – please chart the types of crises, making sure to define them, explain their causes and provide examples. Use the Reinert Chapter for this question.

2.Review the Mexican financial crisis of 1994 – What was the cause? Use Reinert’s balance of payments crisis to describe the Mexican crisis? What was the effect? Did contagion occur?

3.Review the Asian financial crisis – What was the cause? Consider Reinert’s use of high tech crisis is describing the Asian crisis? What was the effect? Did contagion occur?

4.What is the IMF’s traditional response to financial crisis? Is the response effective?