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Crisis Prevention and Prosperity Management for the World Economy: Pragmatic Choices for International Financial Governance, Part I (Turbulent Waters) - Softcover

 
9780815708674: Crisis Prevention and Prosperity Management for the World Economy: Pragmatic Choices for International Financial Governance, Part I (Turbulent Waters)
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Turbulent Waters: Cross-Border Finance and International Governance advocates faster progress in reforming the international financial system. Its most important theme is the need for national governments and international organizations to upgrade their collective efforts at crisis prevention and prosperity management. The core of such efforts is the supranational surveillance of cross-border "traffic regulations" and the cooperative monitoring of nations' macroeconomic, exchange rate, and balance-of-payments policies. Concurrently, governments should streamline and strengthen the intermediation of intergovernmental lending for the liability financing of payments deficits through the International Monetary Fund. This essay gives detailed analysis supporting these conclusions and provides more technical discussion of the incremental policy measures needed to strengthen these collective efforts.

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Synopsis:
Bryant, a senior fellow in the economic studies program at the Brookings Institution, examines supranational surveillance and lending intermediation as key elements of the reform of the international financial system. He argues that national governments and international organizations need to upgrade their collective efforts at financial crisis pre
About the Author:
Ralph C. Bryant is a senior fellow and the Edward M. Bernstein Scholar in the Economic Studies program at the Brookings Institution. He has written numerous books and articles, including International Coordination of National Stabilization Policies (1995) and Turbulent Waters (2003).

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  • PublisherBrookings Institution Press
  • Publication date2004
  • ISBN 10 081570867X
  • ISBN 13 9780815708674
  • BindingPaperback
  • Number of pages179

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