Financial Crises, Liquidity, and the International Monetary SystemPrinceton University Press, 1. 7. 2002 - Počet stran: 168 Once upon a time, economists saw capital account liberalization--the free and unrestricted flow of capital in and out of countries--as unambiguously good. Good for debtor states, good for the world economy. No longer. Spectacular banking and currency crises in recent decades have shattered the consensus. In this remarkably clear and pithy volume, one of Europe's leading economists examines these crises, the reforms being undertaken to prevent them, and how global financial institutions might be restructured to this end. |
Obsah
1 | |
2 The Economists Views | 23 |
3 Outline of the Argument and Main Message | 47 |
4 Liquidity and RiskManagement in a Closed Economy | 53 |
Are Debtor Countries Ordinary Borrowers? | 77 |
6 Implications of the Dual and CommonAgency Perspectives | 97 |
What Role for the IMF? | 113 |
8 Conclusion | 129 |
131 | |
145 | |
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Financial Crises, Liquidity, and the International Monetary System Jean Tirole Náhled není k dispozici. - 2002 |