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.
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Author: Eichengreen, Barry
Publisher: Institute for International Economics
Illustration: N
Language: ENG
Title: Toward a New International Financial Architecture: A Practical Post-Asia Agenda
Pages: 00216 (Encrypted PDF)
On Sale: 1999-02-01
SKU-13/ISBN: 9780881322705
Lib Category: International finance
Lib Category: Monetary policy
Category: Business & Economics : Finance
Category: Business & Economics : International - General