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Description
Financial Crises, Liquidity, and the International Monetary SystemCondition: BRAND NEW ISBN: 9780691167046 Format: Trade paperback (US) Year: 2015 Publisher: Princeton University Press Description: 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 consensus. In this remarkably
Condition: BRAND NEWISBN: 9780691167046
Format: Trade paperback (US)
Year: 2015
Publisher: Princeton University Press
Description:
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 consensus. In this remarkably clear and pithy volume, one of Europe's leading economists examines these crises, the reforms being undertaken to prevent them, and how global financial institutions might be restructured to this end. 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 while ensuring that a country "owns" its reform program. A proper identification of market failures is essential to reformulating the mission of an institution such as the IMF, he emphasizes. Next he adapts the basic principles of corporate governance, liquidity provision, and risk management of corporations to the particulars of country borrowing.
Building on a "dual- and common-agency perspective," he revisits commonly advocated policies and considers how multilateral organizations can help debtor countries reap enhanced benefits while liberalizing their capital accounts. Based on the Paolo Baffi Lecture the author delivered at the Bank of Italy, this refreshingly accessible book is teeming with rich insights that researchers, policymakers, and students at all levels will find indispensable.
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★★★★★ 5
Turquoise and silver
Very well made
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Reviewed in the United States on June 7, 2024
★★★★★ 4
Tiny but great color
Color: 18K GOLD VERMEIL - CHRYSOPRASE
Great color with these earrings. Check the dimensions because they're pretty small. The pictures should have better scale for reference.
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Reviewed in the United States on July 18, 2025
★★★★★ 5
I nice everyday bag!
I love this bag. I use it every day. I was tired of carrying around large purses. I was tired of carrying around just wallets. I needed something to be able to hold a few things that was ease of use. This bag really did that for me it has 2 pockets one side I keep my phone in among some paper documents. The other side has spots for a few cards and whatever else you would like to put inside. It’s light weight and the strap is super cute and the design as a whole is great. Definitely worth the money for this style.
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Reviewed in the United States on April 13, 2025
★★★★★ 5
Cute
Cute and smaller, perfect size for me. My second ‘purse’ from this brand and love both! Nice material inside and out.
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Reviewed in the United States on January 19, 2026
★★★★★ 5
Great Bag!
I used this bag all over Europe this summer! It was so easy and convenient to have access to my wallet, sunscreen, sunglasses in one spot over my best. The bag was super cute and held a lot of items. The thick strap was really good for support and even held up during the really hot days. There are a few different pockets which is helpful as well. I recommend this bag! :)
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Reviewed in the United States on November 28, 2023
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