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.
| ISBN: | 9780415647809 |
| Publication date: | 12th September 2012 |
| Author: | Andrew G Haldane |
| Publisher: | Routledge an imprint of Taylor & Francis |
| Format: | Paperback |
| Pagination: | 368 pages |
| Series: | Routledge International Studies in Money and Banking |
| Genres: |
International economics Development economics and emerging economies |
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.
Fixing Financial Crises in the 21st Century features in the following genres: International economics, Development economics and emerging economies
Fixing Financial Crises in the 21st Century is available in Paperback
Fixing Financial Crises in the 21st Century was written by Andrew G Haldane and published by Routledge an imprint of Taylor & Francis
Fixing Financial Crises in the 21st Century has 368 pages
Yes it is part of Routledge International Studies in Money and Banking series
£44.09