International Financial Crises
CESifo, Munich, 2003
CESifo Working Paper No. 926
![](https://cesifo.org/DocImg/cesifo_wp926.jpg?c=1689237155)
Our friend and colleague Rüdiger Dornbusch passed away before he was able to
complete his book based on the Munich Lectures in Economics that he gave in
November 17, 1998, at the Center for Economic Studies of Ludwig-Maximilians-Universität.
The lectures contain a fascinating overview of the mechanics and
history of international financial crises showing the breadth and ingenuity of this
eminent scholar. The lectures were lively and provocative, full of important
insights and observations. Interestingly enough, Dornbusch expressed a
substantial mistrust in the actions of political decision makers, supervisory
agencies and central banks in the game that leads to the crisis and even collapse of
financial systems, and he advocated supranational supervisory actions as a
remedy.
CES has decided to prepare a transcript of the lectures, which are also available in
the Internet as full length-videos. I am grateful to Paul Kremmel for his
assistance.