Limiting risks and sharing losses in the globalized capital market

the long version

Limiting Risks and Sharing Losses in the Globalized Capital Market draws lessons from recent international financial crisesMexico in 1994-95 and Asia in 1997, affecting Thailand, Indonesia, Korea, and Japan. Limiting Risks shows that these financial crises relate to traditional foreign policy concerns, such as ensuring that the stresses of economic restructuring, which international institutions often demand as a condition of financial aid, do not weaken young democracies or make the recipient country hostile to the United States and the international community. Limiting Risks and Sharing Losses in the Globalized Capital Market gathers thoughtful conclusions drawn in a series of public discussions and small group meetings sponsored by the Woodrow Wilson International Center for Scholars, involving many individuals with policy-making experience at major national and international financial institutions.