ABSTRACT
My intention in selecting the crises to examine in this book was to include the most important currency crises of the past three decades, as well as to include crises in some smaller economies that add diversity of experience, such as the eventual turn to dollarization in Ecuador and the pre-crisis existence of a fl oating exchange rate in Iceland. In this fi nal chapter I summarize some of the lessons that I believe these experiences teach us about the origins of crises, the factors that drive interactions among different types of crises, and how to deal – or not to deal – with crises when they inevitably arise.
