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612-822-4611
Crisis Prevention and Prosperity Management for the World Economy

Crisis Prevention and Prosperity Management for the World Economy

Paperback

EconomicsInvesting & Finance

ISBN10: 081570867X
ISBN13: 9780815708674
Publisher: Brookings Institution Press
Published: Dec 17 2004
Pages: 180
Weight: 0.57
Height: 0.50 Width: 6.20 Depth: 9.10
Language: English
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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