000			01125pab a2200157 454500
008			180718b1999 xxu||||| |||| 00| 0 eng d
100			_aNayak, Jayendra
245			_aFrom crisis to redesign: a lexicon for the new financial architecture
260			_c1999
300			_ap.2859-866
362			_a2 Oct
520			_aSeveral proposals made for re-architecturing the international financial system are fraught with moral hazard and could thereby raise the probability of future crises occurring, although their immediate containment may be easier. This paper examines alternative ways in which financial crises are analytically represented, where explanations based on the fickleness of sentiment and of the panic that ensues compete with explanations based on the real economy antecedents and underpinnings of the crisis. Possible responses during a crisis are studied and measures for crisis prevention analysed. The implications of this for the new international financial architecture are discussed. - Reproduced
650			_aInternational monetary systems
773			_aEconomic and Political Weekly
909			_a42692
999			_c42692 _d42692