Globalization and the International Financial System

Author: Peter Isard 

Year: 2005

Economic globalization has given rise to frequent and severe financial crises in emerging market economies. Many other countries have been unsuccessful in their efforts to generate economic growth and reduce poverty. This book provides perspectives on various aspects of the international financial system that contribute to financial crises and growth failures, and it discusses the remedies that economists have suggested for addressing the underlying problems. It also sheds light on a central feature of the international financial system that remains mysterious to many economists and most noneconomists: the activities of the International Monetary Fund and the factors that influence its effectiveness.