The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The Imf / Edition 1

The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The Imf / Edition 1

by Paul Blustein
     
 

ISBN-10: 1586481819

ISBN-13: 9781586481810

Pub. Date: 05/08/2003

Publisher: PublicAffairs


Lauded by reviewers and scholars alike, Paul Blustein's The Chastening examines the role of the International Monetary Fund in the series of economic crises that rocked the globe in the last decade. Based on hundreds of interviews with officials at the IMF, the World Bank, the U.S. Treasury, the Federal Reserve, the White House, and many foreign governments…  See more details below

Overview


Lauded by reviewers and scholars alike, Paul Blustein's The Chastening examines the role of the International Monetary Fund in the series of economic crises that rocked the globe in the last decade. Based on hundreds of interviews with officials at the IMF, the World Bank, the U.S. Treasury, the Federal Reserve, the White House, and many foreign governments, The Chastening offers a behind-the-scenes look at the Fund during an extraordinarily turbulent period in modern economic history and at a time when the IMF has become the object of intense political controversy.

While the IMF and its overseers at the Treasury and the Fed have sought to cultivate an image of economic masterminds coolly dispensing effective economic remedies, the reality is that as markets were sinking and defaults looming, the guardians of global financial stability were often floundering, improvising, and feuding among themselves. The Chastening casts serious doubt on the IMF's ability to combat of investor panics at a time when massive flows of money traverse borders and oceans.

A readable, compelling account of the deeply flawed workings of the international political system, The Chastening is vital reading for students and scholars of international diplomacy, government, and economic and public policy.

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Product Details

ISBN-13:
9781586481810
Publisher:
PublicAffairs
Publication date:
05/08/2003
Edition description:
REV
Pages:
448
Product dimensions:
1.01(w) x 5.50(h) x 8.50(d)

Table of Contents

Author's Note and Acknowledgments
1The Committee to Save the World1
2Opening the Spigot19
3Winnie the Pooh and the Big Secret51
4Malignancy85
5Sleepless in Seoul117
6The Naysayers151
7The Bosun's Mate175
8Down the Tubes207
9Getting to Nyet235
10The Balance of Risks279
11Plumbing the Depths305
12Stumbling Out337
13Cooling Off371
Notes393
Index426

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