Stanley Fischer: IMF Essays from a Time of Crisis : The International Financial System, Stabilization, and Development

IMF Essays from a Time of Crisis : The International Financial System, Stabilization, and Development


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Stanley Fischer served as First Deputy Managing Director of the International Monetary Fund from 1994 to 2001. IMF Essays from a Time of Crisis collects sixteen essays written for the most part during his time at the IMF, each updated with Fischer's later reflections on the issues raised. The IMF drew much criticism for some of its actions during Fischer's tenure, and he vigorously defends the "battlefield medicine" practiced by the IMF during a series of economic crises, which included the problems of economic transition in the former Soviet bloc and the Asian financial crisis. Fischer addresses the subsequent calls for reform of the international financial system and makes the case for the IMF as an international lender of last resort.The first section of essays, "The Role of the IMF and the Reform of the International Financial System," considers the IMF's role in the international financial system in light of the crises of the 1990s. The second section, "Macroeconomic Policy, Stabilization, and Transition," examines such topics as exchange rate regimes, inflation, and Eastern Europe's relation to the European Union. The final section, "Poverty and Development," reflects Fischer's basic belief that economic policies should explicitly target poverty reduction. These engaging and accessible essays will appeal not only to economics students, economists, and policymakers but also to the general reader interested in the international monetary system.

"Snow is falling around the Aspen cabin that Leigh Insley never has time to visit. As winter gathers closer she wonders if it might finally be time to sell her getaway retreat. It's only a few hours from Denver, true, but her career as a corporate lawyerhas left her little time to enjoy it, and the years have ticked by, almost unnoticed. Snow and ice are part of Margo Tosch. She's been on skis since she could strap them to her boots, and her love of the sport has taken her around the world. Now, as snowplow driver, ski instructor and shopkeeper, this Jill-of-all-trades has carved a life for herself and her daughter in the mountains she loves, where the isolation lets her keep her secrets to herself. When their paths cross in the high-mountain air, city-dweller Leigh is Biomechanics of Lower Limb Prosthetics free pdf certain she has nothing in common with this rustic mountain woman named Margo. But even the frostiest of hearts can be taken by surprise."--P. [4] of cover.


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Author: Stanley Fischer
Number of Pages: 528 pages
Published Date: 01 Sep 2005
Publisher: MIT Press Ltd
Publication Country: Cambridge, Mass., United States
Language: English
ISBN: 9780262562164
Download Link: Click Here
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