Toward a New International Financial Architecture: A Practical Post-Asia Agenda

By Barry Eichengreen

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 0881322709
• ISBN13: 9780881322705
• Release Date: January 1999
• Publisher: Peterson Institute for International Economic
• Length: 216 Pages
• Weight: 0.60 lbs.
• Dimensions: 0.4" x 6.0" x 9.0"
• Grade Range: Postsecondary and higher

Customer Reviews

Another Triumph!

Eichengreen clearly demonstrates a comprehensive understanding of the international financial structure. He provides conservative and realistic criticisms for the reformation of the IMF. The Institute for International Economics should be proud of his nonpartisan attempt to quantify economic and financial theory into reliable, real life circumstances. This publication, like many other publications by the institute, is overtly academic and may not represent the best option for readers with no formal backqround in economics or finance. It is perhaps most relevant for government and corporate policy makers, academics, and those with a serious interest in international finance.