||11 of 12 people found the following review helpful.| An original and groundbreaking approach to financial crises|By Jorge Fernandez Baca|While most economists are still puzzled by the most recent foreign exchange and banking crises - such as the ones that took place last year in Argentina and Uruguay - and some of them (like Stiglitz) are proposing reckless and innefective solutions, such as abolishing the IMF and most of the||Jean Tirole, Winner of the 2014 Nobel Prize in Economics
"An insightful contribution to the expanding economics research that reexamines the role of the International Monetary Fund in emerging markets and financial crises."--Choice
Once upon a time, economists saw capital account liberalization--the free and unrestricted flow of capital in and out of countries--as unambiguously good. Good for debtor states, good for the world economy. No longer. Spectacular banking and currency crises in recent decades have shattered the consensus. In this remarkably clear and pithy volume, one of Europe's leading economists examines these crises, the reforms being undertaken to prevent them, and how global fin...
[PDF.vb46] Financial Crises, Liquidity, and the International Monetary System Rating: 3.87 (775 Votes)
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