Overview

Are global financial markets rational or are manias possible? Should crises be allowed to run their course and purge the system? Should a lender of last resort intervene to dampen their impact on the real economy? These questions and others are addressed in this impressive book. The editors of this book have pulled together a collection of chapters that review the spate of financial crises that have occurred in recent years starting with Mexico in 1994 and moving on to more recent crises in Turkey and Argentina. With impressive contributors such as Douglas Gale, Gabriel Palma and Andrew Gamble, the book is a timely and authoritative study. Global Governance and Financial Crises provides a new understanding of this important area with a combination of economic history and political economy as well as the most recent developments in analytical economic theory. Students, researchers and policy makers would do well to read it and learn some important lessons for the future.

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9780415305297

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Covering topics that span theory, policy, and history, contributors review the monetary crises that have occurred in recent years, starting with Mexico in 1994 and moving on to more recent situations in Turkey and Argetina.. <br>-Business Horizons <br>

Author Information

Meghnad Desai is Director of the Centre for the Study of Global Governance and Professor of Economics at the London School of Economics. He is also author of Marx's Revenge which was published in 2002. Yahia Said is a Research Officer at the Centre for the Study of Global Governance at the London School of Economics. He has also worked as a corporate finance consultant.

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