An edition of The chastening (2001)

Chastening

Inside the Crisis That Rocked the Global Financial System and Humbled the Imf

  • 2 Want to read
Chastening
Paul Blustein, Paul Blustein
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Last edited by ImportBot
October 8, 2021 | History
An edition of The chastening (2001)

Chastening

Inside the Crisis That Rocked the Global Financial System and Humbled the Imf

  • 2 Want to read

"In the late 1990s, despite a spectacular stock market boom in the United States, all was not well with the global economy. In rapid succession, Thailand, Indonesia and South Korea spiraled toward economic collapse as international bankers and money managers lost confidence that these nations could repay their debts and maintain the value of their currencies. And as the Asian financial crisis smoldered and flared, the embers spread to Russia and Brazil, bringing the U.S. economy perilously close to disaster in the process." "In this inside look at how the crisis unfolded, Paul Blustein shows how the financial turmoil in Asia caught the International Monetary Fund by surprise and overwhelmed its legions of Ph.D.'s in their efforts to protect against economic destabilization. Over the years, the IMF has cultivated the image of an institution whose masterminds coolly dispense effective economic remedies, but the Asian flu nearly proved too much for the doctors to handle. As markets were sinking and defaults looming, the guardians of global financial stability - IMF officials together with their overseers in the Group of Seven major industrial countries - were often floundering, improvising, feuding among themselves and striking messy compromises. In a world where capital flowed across national borders in much more massive quantities than ever, they were woefully ill-equipped to combat these virulent new strains of investor panics."--BOOK JACKET.

Publish Date
Publisher
PublicAffairs
Language
English

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Edition Availability
Cover of: Chastening
Cover of: The Chastening
The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the Imf
May 13, 2003, PublicAffairs, Public Affairs
Paperback in English - New Ed edition
Cover of: Chastening
Cover of: The chastening
Cover of: The chastening
The chastening: inside the crisis that rocked the global financial system and humbled the IMF
2001, Public Affairs
in English - 1st ed.
Cover of: The Chastening
The Chastening: Inside the Crisis that Rocked the Global Financial System and Humbled the IMF
October 9, 2001, PublicAffairs
Hardcover in English - 1ST edition

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Book Details


The Physical Object

Pagination
448

ID Numbers

Open Library
OL34828384M
ISBN 13
9780786724697

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Better World Books record

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October 8, 2021 Created by ImportBot Imported from Better World Books record