Financial crises seem to have become the norm rather than the exception since 1992. The author examines the impact of a crisis of confidence and resultant capital outflows from a small and open economy and the possible policy options in response to such outflows, using simple tools and definitions that will be familiar to any money and banking or…

A survey of United States colleges and universities that enroll the largest numbers of students from Indonesia, Malaysia, South Korea, and Thailand, which have experienced currency devaluations and economic uncertainty, found a less than 10% drop in those enrollments, a much lower rate than anticipated. Institutions have taken steps to ease the…