Financial Crises, Liquidity, and the International Monetary System /

Financial Crises, Liquidity, and the International Monetary System / / Jean Tirole.

Once upon a time, economists saw capital account liberalization--the free and unrestricted flow of capital in and out of countries--as unambiguously good. Good for debtor states, good for the world economy. No longer. Spectacular banking and currency crises in recent decades have shattered the conse...

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Bibliographic Details
Superior document:Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
VerfasserIn:
Tirole, Jean,
Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2002]
©2002
Year of Publication:2002
Language:English
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Physical Description:1 online resource (168 p.)
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Table of Contents:
  • Frontmatter
  • Contents
  • Acknowledgments
  • Introduction
  • 1. Emerging Markets Crises and Policy Responses
  • 2. The Economists' Views
  • 3. Outline of the Argument and Main Message
  • 4. Liquidity and Risk-Management in a Closed Economy
  • 5. Identification of Market Failure: Are Debtor Countries Ordinary Borrowers?
  • 6. Implications of the Dual- and Common-Agency Perspectives
  • 7. Institutional Implications: What Role for the IMF?
  • 8. Conclusion
  • References
  • Index

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