The past decade has witnessed a surge in interest in the area of financial globalization and economic performance. This was stimulated by the 1997-1998 Asian financial crisis after plans to adopt full capital account liberalization by IMF member states failed. Scholars have since focused on the dangers that may result from foreign-exchange crises and increased market volatility. This essential volume brings together the seminal contributions to this important field and will be of great value to lectures and students, as well as politicians and officials involved in international economic policy making.