And the Money Kept Rolling in (and Out) by Paul Blustein
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And the Money Kept Rolling in (and Out)
By Paul Blustein

And the Money Kept Rolling in (and Out)

Wall Street, the IMF and the Bankrupting of Argentina

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Format: Paperback

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And the Money Kept Rolling in (and Out) by Paul Blustein

Book Description

In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001, when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso, and a wrenching downturn that threw millions into poverty and left nearly one-quarter of the workforce unemployed. Paul Blustein, whose book about the IMF, The Chastening, was called "gripping, often frightening" by The Economist and lauded by the Wall Street Journal as "a superbly reported and skillfully woven story," now gets right inside Argentina's rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players as well as reams of internal documents. He shows how the IMF turned a blind eye to the vulnerabilities of its star pupil, and exposes the conduct of global financial market players in Argentina as redolent of the scandals -- like those at Enron, WorldCom and Global Crossing -- that rocked Wall Street in recent years. By going behind the scenes of Argentina's debacle, Blustein shows with unmistakable clarity how sadly elusive the path of hope and progress remains to the great bulk of humanity still mired in poverty and underdevelopment.

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Book Details

ISBN: 9781586483814
ISBN-10: 1586483811
Format: Paperback
(210mm x 140mm x 17mm)
Pages: 304
Imprint: PublicAffairs,U.S.
Publisher: The Perseus Books Group
Publish Date: 6-Apr-2006
Country of Publication: United States

Other Editions...

Books By Author Paul Blustein

Misadventures of the Most Favored Nations by Paul Blustein Misadventures of the Most Favored Nations, Hardback (October 2009)

An acclaimed expert on the global economy illuminates the human foibles, hidden agendas, and political follies that threaten the end of the globalization movement

Chastening by Paul Blustein Chastening, Paperback (April 2003)

The breathtaking behind-the-scenes story of the nearly disastrous global financial crisis of the late 1990s and how the International Monetary Fund tried--and failed--to stem it

» View all books by Paul Blustein


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Author Biography - Paul Blustein

Paul Blustein, a staff writer at the Washington Post, has covered business and economic issues for more than twenty-five years. He has also worked at Forbes Magazine and the Wall Street Journal. His work has won several prizes, including business journalism's most prestigious, the Gerald Loeb Award.

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Recent books by Paul Blustein close
Misadventures of the Most Favored Nations by Paul Blustein
Chastening by Paul Blustein
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