00941nam a2200121Ia 4500 20260716043838.0 FitzGerald, Valpy Global capital market volatility and the developing countries : lessons from the East Asian crisis 1999 Addresses 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. 10/17/07 JOYD A 55320 55320