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020 _a9781513514277
_q(paperback)
020 _a151351427X
_q(paperback)
035 _a(OCoLC)ocn964384009
040 _aYDX
_beng
_cYDX
_erda
_dBTCTA
_dDJB
_dDLC
042 _alccopycat
050 0 0 _aHG3881
_b.F76 2017
082 _a332.46
245 0 0 _aFrom great depression to great recession :
_bthe elusive quest for international policy cooperation /
_ceditors Atish R. Ghosh and Mahvash S. Qureshi.
264 1 _aWashington, DC :
_bInternational Monetary Fund,
_c[2017]
264 4 _c©2017
300 _axvii, 238 pages :
_billustrations (some color) ;
_c23 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references and index.
505 0 _aForeword -- Preface -- Abbreviations -- Contributors -- 1. From great depression to great recession: an overview / Atish R. Ghosh, Mahvash S. Qureshi -- Part I. Prespectives from the past: secular stagnation and asymmetric burden of adjustment -- 2. Learning lessons from previous crises: the capital account and the current account / Harold James -- 3. Debastes about economic adjustment in Europe before the Euro / Emmanuel Mourlon-Druol -- 4. Coordination failures during and after Bretton Woods / Catherine R. Schenk -- 5. Capital flows and intenational order: trilemmas and trde-offs from macroeconomics to political economy and international relations / Michael D. Bordo and Harold James -- Part II. Internationa monetary negoriations and the international monetary system -- 6. Forgotten foundations of Bretton Woods / Eric Helleiner -- Hurling BRICS at the international monetary system / Benn Steil -- 8. The IMF is--or was?--the keystone of the international financial system / James M. Boughton -- Part III. Currency wars and secular stagnation--the new normal? -- 9. Reform of the international monetary system: a modest proposal / Richard N. Cooper -- 10. Global bond market spillovers from monetary policy and reserve management / Rober N. McCauley -- 11. International liquidity and overnance / Edwin M. Truman -- Part IV. Prospects for the future: toward a more cooperative system -- 12. Three myths about international policy coordination / Atish R. Ghosh -- 13. Moving toward a more cooperative international monetarysystem / Maurice Obstfeld -- 14. Reforming the global reserve system / José Antonio Ocampo -- 15. Macroeconomic policy: what and how to coordinate internationally / Alexander K. Swoboda -- 16. Toward a more cooperative international monetary system: some remarks / Paul A. Volcker -- 17. Toward a more stable international monetary system: key takeaways / Atish R. Ghosh and Mahvash S. Quresh -- Index.
520 3 _aThe global financial crisis and the ensuing Great Recession raised concerns about adjustment fatigue, deflation, currency wars, and secular stagnation that presented a sense of déjà vu: similar concerns had arisen at the time of the Great Depression and at the end of World War II. As with earlier crises, these concerns prompted calls for greater international policy cooperation-both to achieve a sustainable recovery from the crisis and to prevent future crises. This volume compiles papers from a 2015 symposium of eminent scholars convened by the IMF to discuss how history can inform current debates about the functioning and challenges of the international monetary system. An introductory chapter sets the stage for the other chapters in the volume by giving a broad overview of the performance of the international monetary system over the past century, highlighting the key events and challenges that shaped it. Subsequent sections look at historical antecedents of today's challenges, describe how the modern international monetary system has been-and continues to be-shaped through international financial diplomacy, provide a present-day perspective, and examine the analytics of international policy coordination.
530 _aAlso available online.
650 0 _aMonetary policy
_xInternational cooperation.
_95657
650 0 _aEconomic policy
_xInternational cooperation.
_95658
650 0 _aRecessions.
_95659
650 0 _aDepressions
_y1929.
_95660
700 1 _aGhosh, Atish R.,
_eeditor.
_95661
700 1 _aQureshi, Mahvash Saeed,
_eeditor.
_95662
710 2 _aInternational Monetary Fund,
_epublisher.
_95663
776 0 8 _iOnline version:
_tFrom great depression to great recession.
_dWashington, DC : International Monetary Fund, [2017]
_w(OCoLC)981124737
906 _a7
_bcbc
_ccopycat
_d2
_encip
_f20
_gy-gencatlg
942 _2ddc
_cBK