Managing Economic Volatility and Crises

Contributors; Acknowledgements; Foreword; Overview Joshua Aizenman and Brian Pinto; Part I. What Is Volatility and Why Does It Matter?: 1. Volatility: definitions and consequences Holger Wolf; 2. Volatility and growth Viktoria Hnatkovska and Norman Loayza; 3. Volatility, income distribution, and poverty Thomas Laursen and Sandeep Mahajan; Part II. Commodity Prices and Volatility: 4. Agricultural commodity price volatility Jan Dehn, Christopher Gilbert, and Panos Varangis; 5. Managing oil booms and busts in developing countries Julia Devlin and Michael Lewin; Part III. Finance and Volatility: 6. Finance and volatility Stijn Claessens; 7. Evaluating pricing signals from the bond markets John J. Merrick, Jr; Part IV. Managing Crises: 8. Managing macroeconomic crises: policy lessons Jeffrey Frankel and Shang-Jin Wei; 9. Lessons from the Russian crisis of 1998 and recovery Brian Pinto, Evsey Gurvich, and Sergei Ulatov; 10. Argentina's macroeconomic collapse: causes and lessons Luis Servén and Guillermo Perry; 11. Default episodes in the 1980s and 1990s: what have we learned? Punam Chuhan and Federico Sturzenegger; Technical appendix Viktoria Hnatkovska; Index.