In this accessible study, the author provides a critical assessment of the official sector's efforts to more effectively manage financial crises in emerging markets. Professor Eichengreen reviews international initiatives on both the crisis prevention and crisis resolution fronts. While crises will always be with us, he concludes that good progress has been made in limiting their spread and strengthening the international financial system. Ironically, however, official-sector initiatives in this area may in fact have made life more difficult for the poorest countries. Initiatives to limit the incidence of crises and threats to the stability of the international financial system should therefore be linked to an increase in development assistance designed to offset the extra burdens on the poorest countries. The other place where official efforts have fallen short is in creating new ways of resolving crises. The author argues that the old way - the official sector financing through the International Monetary Fund - is part of the problem, not part of the solution.
Les mer
In this study, the author provides a critical assessment of the official sector's efforts to more effectively manage financial crises in emerging markets. Professor Eichengreen reviews international initiatives on both the crisis prevention and crisis resolution fronts.
Les mer
1. Introduction ; 2. Crisis Prevention ; 3. Crisis Management ; 4. Lessons of Recent Experience ; 5. The Way Forward ; Appendix: A Chronology of Official Initiatives
... illuminating ... such a timely publication ... Financial Crises should be essential reading for any student observer or policy-maker concerned about the impact of financial crises on the world economy and the different alternatives being proposed to improve upon the international financial architecture.
Les mer
`Review from other book by this author It looks to me to be quite a tour de force, by the outstanding contemporary scholar of the 20th century history of the international monetary system. ' John Williamson, Senior Fellow, Institute for International Economics `Eichengreen's] book provides new and insightful analyses of how the gold standard worked and its role in the economic crisis of the interwar years. ' David Hale, Chief Economist and Senior Vice President, Kemper Financial Services Corporation `Anyone tempted to make historical parallels between the EMS and the gold standard should read Barry Eichengreen's scholarl account ... his book is written with a clarity that allows one to identify both elements of the gold standard that were unique and those that are common to any regime of fixed exchange rates. ' Times Literary Supplement, 11/03/1993 `It is superb monetary history ... The great strength of Eichengreen's historical analysis is his enormously wide knowledge of, and sympathy for, economic and political conditions in all the major countries concerned ... a marvelous book. It is, in addition, beautifully written, and fully accessible to general readers (no mathematics, and lots of contemporary cartoons). A real pleasure to read, the work of a master economic historian.' International Journal of Finance and Economics, 07/03/1996
Les mer
Reviews existing approaches to preventing and managing financial crises Considers possible solutions to limit their frequency and severity Accessible and policy-relevant discussion
Barry Eichengreen is the George C. Pardee and the Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987. He is also Research Associate of the National Bureau of Economic Research (Cambridge, Massachusetts) and Research Fellow of the Centre for Economic Policy Research (London). In 1997-8 he was Senior Policy Advisor at the International Monetary Fund. Professor Eichengreen has published widely on the history and current operation of the international monetary and financial system.
Les mer
Reviews existing approaches to preventing and managing financial crises Considers possible solutions to limit their frequency and severity Accessible and policy-relevant discussion

Produktdetaljer

ISBN
9780199257430
Publisert
2002
Utgiver
Vendor
Oxford University Press
Vekt
363 gr
Høyde
224 mm
Bredde
144 mm
Dybde
17 mm
Aldersnivå
UU, P, UP, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
204

Forfatter

Biographical note

Barry Eichengreen is the George C. Pardee and the Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987. He is also Research Associate of the National Bureau of Economic Research (Cambridge, Massachusetts) and Research Fellow of the Centre for Economic Policy Research (London). In 1997-8 he was Senior Policy Advisor at the International Monetary Fund. Professor Eichengreen has published widely on the history and current operation of the international monetary and financial system.