IMF Essays from a Time of Crisis
The International Financial System, Stabilization and Development
By (author) Stanley Fischer
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IMF Essays from a Time of Crisis by Stanley Fischer
Book DescriptionStanley Fischer served as First Deputy Managing Director of the International Monetary Fund from 1994 to 2001. IMF Essays from a Time of Crisis collects sixteen essays written for the most part during his time at the IMF, each updated with Fischer's later reflections on the issues raised. The IMF drew much criticism for some of its actions during Fischer's tenure, and he vigorously defends the "battlefield medicine" practiced by the IMF during a series of economic crises, which included the problems of economic transition in the former Soviet bloc and the Asian financial crisis. Fischer addresses the subsequent calls for reform of the international financial system and makes the case for the IMF as an international lender of last resort. The first section of essays, "The Role of the IMF and the Reform of the International Financial System," considers the IMF's role in the international financial system in light of the crises of the 1990s. The second section, "Macroeconomic Policy, Stabilization, and Transition," examines such topics as exchange rate regimes, inflation, and Eastern Europe's relation to the European Union. The final section, "Poverty and Development," reflects Fischer's basic belief that economic policies should explicitly target poverty reduction. These engaging and accessible essays will appeal not only to economics students, economists, and policymakers but also to the general reader interested in the international monetary system.
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Book DetailsISBN: 9780262562164
(229mm x 152mm x 31mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 16-Sep-2005
Country of Publication: United States
Books By Author Stanley Fischer
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Explains both the potential and limitations of economic policy. This book employs a model-based approach to macroeconomic analysis and demonstrates how various models are connected with the goal of giving students the capacity to analyze various economic issues in the context of an economic frame of reference.
Future of Central Banking, Paperback (June 2008)
Papers from the Bank of England's Tercentenary Symposium provide an authoritative account of the evolution of central banking and explore policy dilemmas.
Living Standards and the Wealth of Nations, Hardback (May 2006)» View all books by Stanley Fischer
A group of prominent international economists consider what makes for successful convergence--what policies and economic conditions help poor countries catch up to the living standards of rich countries.
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Author Biography - Stanley Fischer
Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).
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