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About this product
- DescriptionThe need to limit IMF financial rescues is a theme of the literature on how to make the world a safer financial place. Those who propose to simply prohibit IMF rescues assume that it is politically feasible for the Fund to stand aside when a crisis erupts. The reality is that the costs of inaction (a severe ecomic contraction, an extended interruption to capital-market access, and a lengthy and difficult restructuring) are too painful for the official community to bear. In this first 'Special Report' in the ICMB/CEPR series of Geneva Reports on the World Ecomy, Professor Eichengreen argues that institutional reforms that address these dilemmas are needed if the international policy community is to succeed in containing moral hazard. Barry Eichengreen, University of California Berkeley and CEPR.
- Author BiographyBarry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California& #151;Berkeley. His books include The European Economy since 1945 (Princeton, 2007) and Global Imbalances: The Lessons of Bretton Woods (MIT, 2006).
- Author(s)Barry J. Eichengreen
- PublisherCentre for Economic Policy Research
- Date of Publication20/09/2000
- SubjectEconomics: Professional & General
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- ImprintCentre for Economic Policy Research
- Weight14 g
- Width216 mm
- Height280 mm
- Spine5 mm
- Format DetailsTrade paperback (US)
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