The global economy, on which the world now depends more than ever, is in crisis. The Russian economy has collapsed, leading to punishing inflation and economic hardship. Scores of Japanese banks are in ruin while the Japanese government muddles along, the nation falling deeper and deeper into recession. The once-booming economies of Thailand, Malaysia, and Indonesia have imploded. Brazil and th…
The Annual Report 2005 to the Board of Governors reviews the IMF's activities and policies during the financial year (May 1, 2004, through April 30, 2005). The main sections cover country, global, and regional surveillance; strengthening surveillance and crisis prevention; IMF program support and crisis resolution; the Fund's role in low-income countries; financial operations and policies; tech…
An expert team of international authors present a diverse and comprehensive selection of theories and issues, carefully brought together by experienced editor John Ravenhill. Crucially, debates are presented through a critical lens to encourage students to unpack claims, form independent views, and challenge assumptions. This text is the only introduction to global political economy that lets s…
Global financial warriors provides a rare insider's glimpse at the highest levels of policy making, taking the reader into the White House situations room, to the meeting of the G7 finance ministers.
In a time of rapid change in the world economy, this fascinating, concise, and user-friendly primer is the most reliable tool for keeping track of what's happening. What is the new economy? What is globalization? Is the euro the final seal on European Union? How is e-commerce transforming our world beyond economics? What is virtual money, and does it have real value? How do social concerns …
Recent events have reignited the debate over the future of the international monetary system. This book, part of the Integrating National Economic series, examines international monetary options of the twenty-first century. Barry Eichengreen argues that it will not be possible for governments to prevent exchange rates from exceeding prespecified limits. Changes in technology, market structure, …
The vision of the founders of the United Nations, the World Bank and the IMF some fifty years ago contrasts sharply with the often weak and limited performance of the institutions they created. The 15 papers in this volume critically assess this record in order to set out proposals for strengthening and restructuring the institutions to meet the new challenges of the 21st century. The changes p…
Changing Fortunes is based on a series of lectures given at the Woodrow Wilson School, gives an inside view of all the significant economic events of the last four decades, including the formation of the new monetary system that was negotiated at Bretton Woods in 1944, the Latin American debt crisis of the 1970s, and the interest rate shocks of the late '70s and early '80s.
This comprehensive history, published jointly by the IMF and Oxford University Press, was written to mark the fiftieth anniversary of international monetary cooperation. From the establishment of the postwar international monetary system in 1944 to how the framework functions in a vastly expanded world economy, historian Harol James describes the tensions, negotiations, challenges, and progress…
Presents a rigorous and balanced presentation of international financial markets and international corporate finance. Takes a unified approach based on arbitrage-fee pricing. Includes an in-depth discussion of the economic role of the forward rate and the value of the forward contract, a comprehensive discussion of when and why the firm can increase its value by hedging foreign exchange risk, a…