00941nam a2200121Ia 450000500170000010000220001724501030003926000090014252006260015158300190077794200060079699900170080220260716043838.0 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 cA c55320d55320