Currency Crises in Emerging Markets, prepared by Warsaw-based Center for Social and Economic Research (CASE), discusses various aspects of currency crises in emerging-market economies: The definitions and theoretical models of currency crises, the causes, management and propagation (contagion effect) of crises, their economic, social and policy consequences, the role of international financial institutions, and crisis prevention. In addition, five case studies of currency crises in Central and Eastern Europe are presented.

1. Currency Crises in Emerging-Market Economies: An Overview.- 2. Predicting Currency Crises, the Role of Multiple Equilibria and the Contagion Effect.- 3. International Liquidity and Currency Crisis Costs.- 4. Currency Crises in the Context of Exchange Rate Regime Choice.- 5. Currency Crises and Fiscal Imbalances - Transition Countries' Perspective.- 6. Propagation of Currency Crises - The Case of the Russian Crisis.- 7. The Economic and Social Consequences of Currency Crises.- 8. The Failure of the IMF in Preventing Currency Crises in CIS Countries.- 9. The Bulgarian Currency Crisis of 1996-1997.- 10. The Czech Currency Crisis of 1997.- 11. The Russian Currency Crisis of 1998.- 12. The Ukrainian Currency Crisis of 1998.- 13. The Moldovan Currency Crisis of 1998.