Capital Flows and Financial Crises (Council on Foreign Relations ...

The papers were written in the early part of the recent crises, focusing on Thailand and in some cases Korea, but not including Russia's default in August 1998 and Brazil's recent devaluation. ... Carmen M. Reinhart, University of Maryland, College Park Vincent Raymond Reinhart, Board of Governors of the Federal Reserve System, Washington, D.C. Jeffrey D. Sachs, Harvard University Dorothy M. Sobol, Federal Reserve Bank of New York Andres Velasco, New York University ...