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Books > Business & Economics > Economics > International economics > International finance
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Fixing Financial Crises in the 21st Century (Hardcover, New edition)
Loot Price: R4,163
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Fixing Financial Crises in the 21st Century (Hardcover, New edition)
Series: Routledge International Studies in Money and Banking
Expected to ship within 12 - 17 working days
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Financial crises have dogged the international monetary system over
recent years. They have impoverished millions of people around the
world, especially within developing countries. And they have called
into question the very process of globalisation. Yet there remains
no intellectual consensus on how best to avert such crises - much
less resolve them. Policymakers stand at a crossroads. This volume
summarises and evaluates these issues, drawing on contributions by
prominent international experts in the field. It considers whether
the IMF may have actually fanned the flames of future crises
through its lending decisions. It assesses the contribution made by
private creditors in resolving past crises - and asks what
mechanisms might best be used to involve private creditors in the
future. It also assesses the merits of two recent competing
blueprints for architectural reform - the so-called contractual and
statutory approaches to crisis resolution. These issues will shape
the debate on the future of the international monetary system over
the next decade and, probably, beyond. For although crises may
always be with us, better public policy can surely help mitigate
their future cost and incidence. With an impressive array of
internationally based contributors, this book will deserve a place
on the bookshelves of economists and policy-makers in both the
official and private sectors.
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