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Financial Crises, Liquidity, and the International Monetary System /

"Jean Tirole first analyzes the current views on the crises and on the reform of the international financial architecture. Reform proposals often treat the symptoms rather than the fundamentals, he argues, and sometimes fail to reconcile the objectives of setting effective financing conditions...

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Bibliographic Details
Main Author: Tirole, Jean
Format: Electronic eBook
Language:Inglés
Italiano
Published: Princeton, N.J. : Princeton University Press, [2002]
Series:Book collections on Project MUSE.
Subjects:
Online Access:Texto completo
Table of Contents:
  • Emerging markets crises and policy responses
  • The economists' views
  • Outline of the argument and main message
  • Liquidity and risk-management in a closed economy
  • Identification of market failure : are debtor countries ordinary borrowers?
  • Implications of the dual- and common-agency perspectives
  • Institutional implications : what role for the IMF?
  • Conclusion.