International Finance and Financial Crises : Essays in Honor of Robert P. Flood, Jr. / edited by Peter Isard, Assaf Razin, and Andrew K. Rose.

"Proceedings of a conference held in honor of Robert P. Flood, Jr. ... at the International Monetary Fund in Washington, DC on the occasion of ... [his] fiftieth birthday in January 1999"--Page [ix].

"Partly reprinted from the International tax and public finance, volume 6, no. 4 (1999)."

Includes bibliographical references and index.

A tribute to Robert P. Flood, Jr. / Stanley Fischer -- Some parallels between currency and banking crises / Nancy P. Marion. Comments / Carmen M. Reinhart, Donald J. Mathieson -- Balance sheets, the transfer problem, and financial crises / Paul Krugman. Comments / Peter Garber, Olivier Jeanne -- Financial crises : what have we learned from theory and experience? : summary of panel remarks / Michael P. Dooley, Rudiger Dornbusch, David Folkerts-Landau, Michael Mussa. Remarks / Jacob A. Frenkel -- On the foreign exchange risk premium in sticky-price general equilibrium models / Charles Engel. Comments / James M. Boughton, Richard A. Meese -- An information-based model of foreign direct investment : the gains from trade revisited / Assaf Razin, Efraim Sadka, and Chi-Wa Yuen. Comment / Joshua Aizenman -- An international dynamic asset pricing model / Robert J. Hodrick, David Tat-Chee Ng, and Paul Sengmueller. Comments / Louis Scott, Paul D. Kaplan -- Role of the minimal state variable criterion in rational expectations models / Bennett T. McCallum. Comment / Edwin Burmeister -- Exact utilities under alternative monetary policy rules in a simple macro model with optimizing agents / Dale W. Henderson and Jinill Kim -- Simple monetary policy rules under model uncertainty / Peter Isard, Douglas Laxton, and Ann-Charlotte Eliasson. Comments / Jo Anna Gray, Lars E. 0. Svensson, Bennett T. McCallum -- Appendix. Robert P. Flood, Jr. -- Bibliography.

Print version record.

International Finance and Financial Crises: Essays in Honor of Robert P. Flood, Jr. contains the proceedings of a conference held in honor of Robert P. Flood, Jr. Bob Flood has made important contributions to many areas of economic analysis, including regime switching, speculative attacks, bubbles, stock market volatility, macro models with nominal rigidities, dual exchange rates, target zones, and rules versus discretion in monetary policy. Contributors were invited to address any of the topics or others of their choosing. The results include five papers on topics in international finance; two of these papers, as well as the panel discussion, focus on speculative attacks and financial crises. The other three take new directions in exploring topics in which existing models leave much to be desired.

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