Global Governance and Financial Crises (Routledge Studies in the Modern World Economy)

This important new book covers topics that span theory, policy, and history and range over Latin America, Asia as well as OECD countries. Under the editorship of Lord Meghnad Desai and Yahya Said, Financial Crises and Global Governance will be read and enjoyed by a wide range of economists. The editors of this book have pulled together a collection of chapters that review the spate of financial crises that have occurred in recent years starting with Mexico in 1994 and moving on to more recent crises in Turkey and Argentina. With impressive contributors such as Douglas Gale, Gabriel Palma and Andrew Gamble, the book is a timely and authoritative study. Global Governance and Financial Crises provides a new understanding of this important area with a combination of economic history and political economy as well as the most recent developments in analytical economic theory. Students, researchers and policy makers would do well to read it and learn some important lessons for the future.

Are global financial markets rational or are manias possible? Should crises be allowed to run theor course and purge the system ? Should a lender of last resort intervene to dampen their impact on the real economy? These questions and others are addressed in this impressive book.
The editors of this book have pulled together a collection of chapters that review the spate of financial crises that have occured in recent years starting with Mexico in 1994 and moving on to more recent crises in Turkey and Argentina. With impressive contributiors such as Douglas Gale, Gabriel Palma and Andrew Gamble, this book will be a timel and authoritative study.

Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of figures......Page 9 List of tables......Page 11 List of contributors......Page 12 Introduction......Page 16 Financial crises and global governance......Page 21 Asset price bubbles and monetary policy......Page 34 The International Monetary Fund: past and future......Page 58 Regulating global finance: rival conceptions of world order......Page 85 Crises, recovery and reforms in East Asia......Page 98 Mexico, Korea and Brazil: three paths to financial crises......Page 135 Index......Page 174 Pulling together a collection of chapters that review the spate of financial crises that have occurred in recent years, this authoritative study provides an understanding of this important area with a combination of economic history, political economy and developments in analytical economic theory