Financial crises, liquidity, and the international monetary system /

By:

Tirole, Jean

Material type: Text

TextPublication details: Princeton, N.J. : Princeton University Press, c2002.Description: xii, 151 pISBN:

0691099855
9780691099859

Subject(s):

DDC classification:

338.5'42 TIR

LOC classification:

HG3881 .T5513 2002

Online resources:

Summary: 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.

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Barcode
Monograph & others	CBN HQ Library General Stacks	Non-fiction	338.5'42 TIR (Browse shelf(Opens below))	c.1	Available	31008100084108
Monograph & others	CBN HQ Library General Stacks	Non-fiction	338.5'42 TIR (Browse shelf(Opens below))	c.4	Available	31008100076898
Monograph & others	CBN HQ Library General Stacks	Non-fiction	338.5'42 TIR (Browse shelf(Opens below))	c.2	Available	31008100076906
Monograph & others	CBN HQ Library General Stacks	Non-fiction	338.5'42 TIR (Browse shelf(Opens below))	c.3	Available	31008100076914
Monograph & others	CBN LAGOS LAISON OFFICE LIBRARY General Stacks	Non-fiction	338.5'42 TIR (Browse shelf(Opens below))	c.1	Available	31008100691506
Monograph & others	CBN LAGOS LAISON OFFICE LIBRARY General Stacks	Non-fiction	338.5'42 TIR (Browse shelf(Opens below))	c.2	Available	31008100692926
Monograph & others	CBN LAGOS LEARNING CENTRE LIBRARY General Stacks	Non-fiction	338.5'42 TIR (Browse shelf(Opens below))	c.1	Available	31008100707906

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Previous	338.5'42 SCH How an economy grows and why it crashes /	338.5'42 SCH How an economy grows and why it crashes :	338.5'42 THO The financial crisis and Federal Reserve policy /	338.5'42 TIR Financial crises, liquidity, and the international monetary system /	338.5'420973 BON Financial reckoning day :	338.542'0973 SOR The crash of 2008 and what it means :	338.5'420981 SCH The financial crisis of abolition /	Next

Includes bibliographical references (p. [131]-143) and index.

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.

oif 21/07/16; osc 24/8/16

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