Globalization The Imf And International Banks In Argentina PDF Download
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Author | : Christian Hernandez |
Publisher | : Rowman & Littlefield |
Total Pages | : 257 |
Release | : 2019-08-27 |
Genre | : Political Science |
ISBN | : 1793607702 |
Download Globalization, the IMF, and International Banks in Argentina Book in PDF, ePub and Kindle
Globalization, the IMF, and International Banks in Argentina: The Model Economic Crisis examines the meaning of mainstream globalization and how it relates to neoliberalism as policymakers, international financiers, and the mainstream press combat populist attempts to de-globalize. Christian Hernandez chronicles the failures of mainstream globalism— and its resilience. Hernandez examines the case of Argentina as a microcosm of political, economic, and financial distress that has now spread to the United States and Europe. Specifically, it examines how the financial press narrated the globalization of Argentine banks and the Argentine Great Depression shortly thereafter. The book also analyzes over 32 years of IMF-Argentine consultations. This includes the IMF’s return under Mauricio Macri; proving globalization is not dead. Scholars of economics, Latin American studies, and political science will find this book particularly useful.
Author | : Michael Mussa |
Publisher | : Peterson Institute |
Total Pages | : 116 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : 9780881323399 |
Download Argentina and the Fund Book in PDF, ePub and Kindle
The catastrophic crisis of late 2001 and early 2002 marks the tragic end to Argentina's initially successful, decade-long experiment with sound money and market-oriented economic reform. The IMF consistently Supported Argentina's stabilization and reform efforts in the decade leading up to the current crisis and often pointed to many of Argentina's policies as examples for other emerging-market economies to emulate. In this policy analysis, former IMF Chief Economist Michael Mussa addresses the obvious question: What went wrong in Argentina and what important errors did the IMF make in either supporting inappropriate policies or in failing to press for alternatives that might have avoided catastrophe? He emphasizes that the persistent inability of the Argentine authorities at all levels to run a responsible fiscal policy--even when the Argentine economy was performing very well--was the primary avoidable cause of the country's catastrophic financial collapse. The IMF failed to press aggressively for a more responsible fiscal policy. Mussa also addresses the role of the Convertibility Plan, which linked the Argentine peso rigidly at parity with the US dollar and played a central role in both the initial success and ultimate collapse of Argentina's stabilization and reform efforts. While the IMF accepted this plan as a basic policy choice of the Argentine authorities so long as it remained viable, it erred in the summer of 2001 by extending further massive support for unsustainable policies, rather than insisting on a new policy strategy that might have mitigated some of the damage from a crisis that had become unavoidable. Mussa lays out what needs to be done to restore economic andfinancial stability in Argentina and begin the process of recovery, including the proper role of the IMF and the international community. He also examines what the IMF can do to avoid repeating the types of mistakes it made in t
Author | : Mr.Omotunde E. G. Johnson |
Publisher | : International Monetary Fund |
Total Pages | : 576 |
Release | : 2002-04-29 |
Genre | : Business & Economics |
ISBN | : 9781589060128 |
Download Financial Risks, Stability, and Globalization Book in PDF, ePub and Kindle
This book covers financial sector stability issues in the following areas: risk management and governance in financial institutions; financial crises and contagion; domestic monetary and financial policies; and international cooperation. The papers were presented at the IMF’s eighth Central Banking Seminar by authors from academia, investment banks, government, and international institutions. The papers discuss such subjects as bank soundness, systemic bank restructuring, and the safety and efficiency of systemically important payment systems and their interaction with the macroeconomic environment.
Author | : Joseph E. Stiglitz |
Publisher | : W. W. Norton & Company |
Total Pages | : 304 |
Release | : 2003-04-17 |
Genre | : Business & Economics |
ISBN | : 0393071073 |
Download Globalization and Its Discontents Book in PDF, ePub and Kindle
This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 0 |
Release | : 2015-04-15 |
Genre | : Business & Economics |
ISBN | : 9781498372930 |
Download Global Financial Stability Report, April 2015 Book in PDF, ePub and Kindle
The current report finds that, despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen. The global financial system is being buffeted by a series of changes, including lower oil prices and, in some cases, diverging growth patterns and monetary policies. Expectations for rising U.S. policy rates sparked a significant appreciation of the U.S. dollar, while long term bond yields in many advanced economies have decreased—and have turned negative for almost a third of euro area sovereign bonds—on disinflation concerns and the prospect of continued monetary accommodation. Emerging markets are caught in these global cross currents, with some oil exporters and other facing new stability challenges, while others have gained more policy space as a result of lower fuel prices and reduced inflationary pressures. The report also examines changes in international banking since the global financial crisis and finds that these changes are likely to promote more stable bank lending in host countries. Finally, the report finds that the asset management industry needs to strengthen its oversight framework to address financial stability risks from incentive problems between end-investors and portfolio managers and the risk of runs due to liquidity mismatches.
Author | : Jan Joost Teunissen |
Publisher | : |
Total Pages | : 180 |
Release | : 2003 |
Genre | : Argentina |
ISBN | : |
Download The Crisis that was Not Prevented Book in PDF, ePub and Kindle
Author | : United Nations. Economic Commission for Latin America and the Caribbean |
Publisher | : United Nations Publications |
Total Pages | : 354 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
Download Financial Globalization and the Emerging Economies Book in PDF, ePub and Kindle
Financial globalisation has been a dynamic element in recent years, with large capital flows to a number of emerging economies in Latin America and Asia often being followed by financial crises.
Author | : Nicola Cetorelli |
Publisher | : DIANE Publishing |
Total Pages | : 41 |
Release | : 2010-11 |
Genre | : Business & Economics |
ISBN | : 1437933874 |
Download Global Banks and International Shock Transmission Book in PDF, ePub and Kindle
Global banks played a significant role in transmitting the 2007-09 financial crisis to emerging-market (EM) economies. The authors examine adverse liquidity shocks on main developed-country banking systems and their relationships to EM across Europe, Asia, and Latin Amer., isolating loan supply from loan demand effects. Loan supply in EM across Europe, Asia, and Latin Amer. was affected significantly through three separate channels: (1) a contraction in direct, cross-border lending by foreign banks; (2) a contraction in local lending by foreign banks¿ affiliates in EM; and (3) a contraction in loan supply by domestic banks, resulting from the funding shock to their balance sheets induced by the decline in interbank, cross-border lending. Charts and tables.
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : International Monetary Fund |
Total Pages | : 94 |
Release | : 2012-04-18 |
Genre | : Business & Economics |
ISBN | : 1616352477 |
Download Global Financial Stability Report, April 2012 Book in PDF, ePub and Kindle
The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.
Author | : Mr.Stijn Claessens |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2014-10-27 |
Genre | : Business & Economics |
ISBN | : 149835856X |
Download The Impact of the Global Financial Crisis on Banking Globalization Book in PDF, ePub and Kindle
Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OECD countries reduced their foreign presence (but still represent 89% of foreign bank assets), those from emerging markets and developing countries expanded abroad and doubled their presence. Especially advanced countries hit by a systemic crisis reduced their presence abroad, with far flung and relatively small investments more likely to be sold. Poorer and slower growing countries host fewer banks today, while large investments less likely expanded. Conversely, faster host countries’ growth and closeness to potential investors meant more entry. Lending by foreign banks locally grew more than cross-border bank claims did for the same home-host country combination, and each was driven by different factors. Altogether, our evidence shows that global banking is not becoming more fragmented, but rather is going through some important structural transformations with a greater variety of players and a more regional focus.