IMF Essays from a Time of Crisis The International Financial System, Stabilization, and Development

Summary Annotation Stanley Fischer served as First Deputy Managing Director of the InternationalMonetary Fund from 1994 to 2001. IMF Essays from a Time of Crisis collects sixteen essays writtenfor the most part during his time at the IMF, each updated with Fischer's later reflections on theissues raised. The IMF drew much criticism for some of its actions during Fischer's tenure, and hevigorously defends the "battlefield medicine" practiced by the IMF during a series of economiccrises, which included the problems of economic transition in the former Soviet bloc and the Asianfinancial crisis. Fischer addresses the subsequent calls for reform of the international financialsystem and makes the case for the IMF as an international lender of last resort.The first section ofessays, "The Role of the IMF and the Reform of the International Financial System," considers theIMF's role in the international financial system in light of the crises of the 1990s. The secondsection, "Macroeconomic Policy, Stabilization, and Transition," examines such topics as exchangerate 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 explicitlytarget poverty reduction. These engaging and accessible essays will appeal not only to economicsstudents, economists, and policymakers but also to the general reader interested in theinternational monetary system.
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Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2003051251
ISBN9780262562164
ISBN0262562162 (Trade Paper) Active Record
Standard identifier# 9780262562164
Stock number0262562162 00015994

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