00865nam a2200085Ia 4500100002200000245010300022260000900125520062600134583001900760  aFitzGerald, Valpy  aGlobal capital market volatility and the developing countries : lessons from the East Asian crisis  c1999  aAddresses the global causes of emerging market volatility, its local consequences, and the failure of international financial institutions, such as the IMF, to contain it.  Discusses the attempts to extend multilateral bank regulation towards emerging markets.  Identifies its limitations as well as those of transborder mutual recognition agreements and the international credit insurance scheme.  Examines the prospects for establishing a binding set of rules for international investment, with logical consequences for both global capial taxation and international debt write-off as the basis for a long-term solution.  c10/17/07kJOYD