Fixing financial crises in the twenty-first century
Author(s)
Bibliographic Information
Fixing financial crises in the twenty-first century
（Routledge international studies in money and banking, 28）
Routledge, 2012, c2004
- : pbk
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Note
First published 2004; First issued in paperback 2012
Includes bibliographical references and index
Description and Table of Contents
Description
Financial crises have dogged the international monetary system over recent years. They have impoverished millions of people around the world, especially within developing countries. And they have called into question the very process of globalisation. Yet there remains no intellectual consensus on how best to avert such crises - much less resolve them. Policymakers stand at a crossroads.
This volume summarises and evaluates these issues, drawing on contributions by prominent international experts in the field. It considers whether the IMF may have actually fanned the flames of future crises through its lending decisions. It assesses the contribution made by private creditors in resolving past crises - and asks what mechanisms might best be used to involve private creditors in the future. It also assesses the merits of two recent competing blueprints for architectural reform - the so-called contractual and statutory approaches to crisis resolution.
These issues will shape the debate on the future of the international monetary system over the next decade and, probably, beyond. For although crises may always be with us, better public policy can surely help mitigate their future cost and incidence.
With an impressive array of internationally based contributors, this book will deserve a place on the bookshelves of economists and policy-makers in both the official and private sectors.
Table of Contents
1. Introduction2. Why Involve the Private Sector3. How to Involve the Private Sector?4. Contractual Resolution of Financial Crises5. Statutory Resolution of Financial Crises6. The Road Ahead
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