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Toward a New International Financial Architecture
A Practical Post-Asia Agenda
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- Book details for Toward a New International Financial Architecture
- Barry J. Eichengreen (author)
- Paperback, 230 x 153 x 11mm , 150 pp, references
- 28 Feb 1999
- Institute for International Economics,U.S.
- 0881322709
- 9780881322705
The Asian crisis and the global financial turmoil that followed it have highlighted the need to improve the way financial crises are averted and managed. This text provides a practical guide to reforming the international financial architecture. It suggests a number of limited reforms that could realistically be implemented in the short and medium run. The recommendations are based on the belief that financial markets can malfunction, creating a compelling case for a financial safety net, but at the same time creating problems of moral hazard that must be addressed.
Summary of Recommendations; Standards for Crisis Prevention; Banks and Capital Flows; Bailing in the Private Sector; What Won't Work; What the IMF Should Do (and What We Should Do About the IMF). Appendices: Other Plans; How Economists Understand Crises; Understanding Asia's Crisis.
