Financial Crises: And What to Do about Them / Edition 1

Paperback (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $1.99
Usually ships in 1-2 business days
(Save 96%)
Other sellers (Paperback)
  • All (19) from $1.99   
  • New (8) from $19.41   
  • Used (11) from $1.99   


In this book, a leading observer of the international financial system assesses official efforts to address the problem of financial crises in emerging markets. Professor Eichengreen describes the progress that has been made in limiting the frequency of crises and strengthening the international financial system. He also shows that initiatives in this area have unintentionally made life more difficult for the poorest countries. He therefore argues that efforts to limit the threat to the international financial system need to be linked to an increase in development assistance. Another place where official efforts have fallen short, the author argues is in creating new ways of resolving crises. He shows that official financing through the International Monetary Fund is part of the problem. The IMF's financial rescues allow investors to escape without losses, in turn encouraging them to lend without due regard to the risks. This only makes the international system more crises prone. That the IMF has repeatedly come under pressure to bail out crisis countries reflects the absence of other acceptable ways of resolving the financial difficulties of emerging markets. Not lending threatens to expose the international financial system to a disorderly and disruptive crisis. At the same time, radical new alternatives like an international bankruptcy court or international lender of last resort would create more problems than they solved-even if there was the political appetite for such ambitious schemes, which there is not. The author concludes that the best way to enhance the efficiency and stability of international financial markets is by pushing for changes to the provisions of loan agreements that will enhance the capacity of creditors and debtors to resolve financial problems on their own.

Read More Show Less

Editorial Reviews

From the Publisher
"This book makes a valuable addition to the understanding of the numerous attempts and proposals for reforming the international financial system."- Brigitte Glanville, International Economics Programme, Royal Institute of International Affairs, UK

"If you want a clear and balanced exposition of the whys and wherefores of the recurring financial crises of the emerging world, Barry Eichengreen is your man. Financial Crises doesn't conclude with a surefire remedy — it explains why there are none. What the book does is to tell you why that is true and what we can do to help reduce the pain." -Paul A. Volcker

"For guidance on today's important and fascinating debate on the international financial architecture, look no further. Barry Eichengreen's Financial Crises has it all and then some. With his unique blend of rigorous economic analysis and historical insight, as well as a knack for focusing on relevant topics in real time, Eichengreen gives us a state-of-the-art discussion on crisis prevention and management, and then takes us a step beyond with a balanced and sensible set of suggestions and recommendations." —Arminio Fraga, Governor, Central Bank of Brazil

Read More Show Less

Product Details

  • ISBN-13: 9780199257447
  • Publisher: Oxford University Press, USA
  • Publication date: 8/28/2002
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 208
  • Product dimensions: 8.40 (w) x 5.40 (h) x 0.50 (d)

Table of Contents

1. Introduction
2. Crisis Prevention
3. Crisis Management
4. Lessons of Recent Experience
5. The Way Forward
Appendix: A Chronology of Official Initiatives

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)