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About this book
A topical insider view of causes and consequences of financial crises since the Mexican collapse of 1995. The book includes a detailed exploration of recent and ongoing firestorms, including the near meltdown of the global financial system and the euro crisis and suggests ways to save the international financial and monetary system.
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Keywords
Table of contents (13 chapters)
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Front Matter
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Back Matter
Reviews
'The International Monetary Fund is considered to be the fireman of the international financial and monetary system. Onno de Beaufort Wijnholds is both a close witness and outstanding expert of the Fund's role during the Global Financial Crisis and very well positioned to analyse and discuss it. Therefore, this book is essential and obligatory reading for academics and students, as well as policymakers and practioners interested in these aspects.' - Professor Sylvester Eijffinger, Tilburg University, CEPR and CESifo
'At last we have a book by an insider, Onno de Beaufort Wijnholds, who as Executive Director at the IMF for eight years, took part in 'Fighting Financial Fires,' the apt title of his book. Since the breakdown of the international monetary system in 1971 the IMF has become the pivotal international monetary institution, a kind of first aid station dealing out money, macroeconomic advice, and debt-restructuring programs to needy borrowers. Wijnholds was in a key position to know the inside stories that were behind key financial decisions and also to appraise the way political factors intruded on IMF decisions. Key factors he finds in the recurrent crises include excessive risk taking, herd behaviour, lack of transparency, supervisory shortcomings and macroeconomic policy mistakes. This well-written book contains valuable insights and balanced judgments that make it a must-read for both policy makers and students of international finance.' - Robert Mundell, University Professor and Nobel Laureate, Columbia University
About the author
ONNO DE BEAUFORT WIJNHOLDSis a former Executive Director of the International Monetary Fund and former Representative of the European Central Bank in the United States. During his 40 year career, which began at the Netherlands Central Bank, he was closely involved in dealing with international financial crises. He was also a professor of money and banking and has published widely.
Bibliographic Information
Book Title: Fighting Financial Fires
Book Subtitle: An IMF Insider Account
Authors: Onno Beaufort Wijnholds
DOI: https://doi.org/10.1057/9780230354203
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2011
Hardcover ISBN: 978-0-230-29267-3Published: 16 September 2011
Softcover ISBN: 978-1-349-33244-1Published: 01 January 2011
eBook ISBN: 978-0-230-35420-3Published: 16 September 2011
Edition Number: 1
Number of Pages: XI, 211
Topics: Economic Policy, Macroeconomics/Monetary Economics//Financial Economics, International Economics, Finance, general, International Political Economy