UID:
kobvindex_INTNLM010895132
Format:
1 online resource (xix, 284 p)
,
ill
ISBN:
9781848441521
Series Statement:
Edward Elgar E-Book Archive
Uniform Title:
Tigri globali, domatori nazionali
Content:
part 1. The tigers, the tamers, the circus -- part 2. Global finance between crisis and reform -- part 3. Challenging the tigers -- part 4. Epilogue
Content:
Recurrent instability has characterized the global financial system since the 1980s, eventually leading to the current global financial crisis. This instability and the resultant disruptions - sovereign debt defaults, exchange rate misalignments, financial market illiquidity and asset price bubbles - are linked, in this book, to the shortcomings of the global financial system which tends to generate cycles of boom and bust in credit flows. These cycles are set in motion by the monetary impulses of major industrial countries and are amplified and propagated through the operation of global financial markets. Fabrizio Saccomanni argues that to counter such systemic instability requires that national authorities give adequate weight to financial stability objectives when formulating their monetary and regulatory policies. He maintains that appropriate multilateral strategies to deal with unsustainable trends in credit aggregates and asset prices should be devised in the International Monetary Fund in the context of a strengthened framework to deal with global payments imbalances and exchange rate misalignments
Note:
Expanded version of: Tigri globali, domatori nazionali. Bologna : Mulino, 2002. Translated by Alice Chambers
,
Includes bibliographical references (pages 249-272) and index
Additional Edition:
Available in another form ISBN 1845421426(hbk.)
Additional Edition:
ISBN 9781845421427(hardback)
Additional Edition:
ISBN 9781849800310(pbk.)
Additional Edition:
ISBN 1845421426
Additional Edition:
ISBN 9781845421427
Additional Edition:
ISBN 9781849800310
Language:
English
DOI:
10.4337/9781848441521
URL:
FULL
((Currently Only Available on Campus))
