+612 9045 4394
Paperback
Published: 1999
ISBN: 9780881322873
Number Of Pages: 160
For Ages: 22+ years old
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This report contains the findings and recommendations of an independent blue-ribbon commission on the prevention and management of international financial crises. The commission was sponsored by the Council on Foreign Relations, and cochaired by Peter Peterson and Carla Hills, with the Institute's Morris Goldstein serving as project director. The membership is listed below.The report analyzes the main factors that give rise to banking, currency, and debt crises, and it proposes a set of interrelated recommendations for improving crisis prevention and resolution. It also explains why the United States, despite its impressive overall economic performance since the outbreak of the Asian crisis, has a large stake in the future international financial architecture.The commission's recommendations aim at altering the behavior of emerging-market borrowers and their private creditors in ways that would reduce the frequency and severity of crises. It includes specific proposals for rewarding countries that do better on crisis prevention; reducing vulnerabilities in the exchange rate systems of emerging economies; inducing private creditors to accept their fair share of the costs of crisis resolution; reforming the IMF's lending policies; and refocusing the mandates of the IMF and the World Bank on leaner agendas. Its recommendations range well beyond the decisions taken to date by the international financial community.
| Foreword | p. v |
| Acknowledgments | p. ix |
| Executive Summary | p. 1 |
| Introduction | p. 23 |
| Why the International Financial Architecture Matters, Including to the United States | p. 27 |
| The Roots of Financial Crises and Weaknesses in the Existing Architecture | p. 43 |
| Recommendations | p. 93 |
| Concluding Remarks: Moderate versus Radical Reform Plans | p. 123 |
| Dissenting Views | p. 125 |
| Members of the Task Force | p. 144 |
| Table of Contents provided by Syndetics. All Rights Reserved. |
ISBN: 9780881322873
ISBN-10: 0881322873
Series: Council on Foreign Relations Task Force Report
Audience:
Professional
For Ages: 22+ years old
Format:
Paperback
Language:
English
Number Of Pages: 160
Published: 1999
Publisher: The Peterson Institute for International Economics
Country of Publication: US
Dimensions (cm): 21.59 x 13.97
x 1.27
Weight (kg): 0.25
Earn 115 Qantas Points
on this Book
