Global Governance and Financial Crises

By Meghnad Desai; Yahia Said | Go to book overview

most concerned. However, there should be drastic changes in the statutes of the IMF if its mandate were to exert prudential governance in the international financial system. The IMF should reflect the upcoming changes in economic power. Revisions of quotas should be enacted. A political committee with effective authority over the services should be set up at last. It would be the locus of strategic decisions to deal with crises of worldwide dimension. If and when the IMF could acquire legitimacy as the political center of prudential governance in the global financial system, Keynes's utopia about world money might become an issue in world politics in the remote future of the twenty-first century.


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Global Governance and Financial Crises
Table of contents

Table of contents

  • Title Page v
  • Contents vii
  • Figures viii
  • Tables x
  • 1 - Introduction 1
  • 2 - Financial Crises and Global Governance 6
  • 3 - Asset Price Bubbles and Monetary Policy 19
  • 4 - The International Monetary Fund 43
  • Bibliography 68
  • 5 - Regulating Global Finance 70
  • 6 - Crises, Recovery and Reforms in East Asia 83
  • 7 - Mexico, Korea and Brazil 120
  • Notes 153
  • Index 159
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