Overview
The Asian financial crisis and the global economic turmoil that followed it have highlighted the need to avert financial crises and resolve them quickly if they do occur. This book addresses current concerns that existing institutional arrangements, including the Bretton Woods institutions, can no longer adequately cope with today's world of high capital mobility. It provides a critical assessment of competing proposals to better predict, forestall, and resolve international financial crises and outlines a practical and pragmatic agenda for reform. The recommendations are based on the belief that financial markets can malfunction, creating a compelling case for a financial safety net (and therefore a role for the IMF), but also creating problems of moral hazard that must be addressed.
Full Product Details
Author: Barry Eichengreen
Publisher: The Peterson Institute for International Economics
Imprint: The Peterson Institute for International Economics
Dimensions:
Width: 0.60cm
, Height: 1.50cm
, Length: 0.90cm
Weight: 0.062kg
ISBN: 9780881322705
ISBN 10: 0881322709
Pages: 216
Publication Date: 01 January 1999
Audience:
College/higher education
,
Professional and scholarly
,
Postgraduate, Research & Scholarly
,
Professional & Vocational
Format: Paperback
Publisher's Status: Active
Availability: In Print
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Language: English
Reviews
Skillful and comprehensive... [the book] offers an especially lucid account of the Asian financial crisis. -- Richard N. Cooper Foreign Affairs
Skillful and comprehensive... [the book] offers an especially lucid account of the Asian financial crisis. -- Richard N. Cooper Foreign Affairs The details of the straightforward approach (to reforming the international financial architecture) are laid out with admirable clarity. -- Clive Crook, National Journal It offers a concise analysis of the main problems ailing today's international financial system and a host of modest, but useful, suggestions for reform. The Economist
Author Information
Barry Eichengreen is an American economist who holds the title of George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, where he has taught since 1987. He has done research and published widely on the history and current operation of the international monetary and financial system. He received his BA from UC Santa Cruz and his Ph.D. from Yale University in 1979. He was a senior policy advisor to the International Monetary Fund in 1997 and 1998, although he has since been critical of the IMF.
