Skip to main content
PBS logo
 
 

Search - Crisis Prevention and Prosperity Management for the World Economy: Pragmatic Choices for the International Financial Governance, Part 1

Crisis Prevention and Prosperity Management for the World Economy: Pragmatic Choices for the International Financial Governance, Part 1
Crisis Prevention and Prosperity Management for the World Economy Pragmatic Choices for the International Financial Governance Part 1
Author: Ralph C. Bryant
As the world’s economic structure outgrows its political structure, international collective governance has emerged as a dominant issue. The need for enhanced cooperation among national governments is increasingly urgent. In the first of three companion essays supporting his pathbreaking book Turbulent Waters: Cross-Border Finance and I...  more », Ralph C. Bryant focuses on supranational surveillance and lending intermediation as key elements of reform of the international financial system. At the heart of such efforts is the cooperative monitoring of national macroeconomic, exchange-rate, and balance of payments policies. Concurrently, Bryant argues, governments should streamline and strengthen intergovernmental lending intermediation for the liability financing of payments deficits through the International Monetary Fund. Delving deeper into the conclusions of his earlier volume, Bryant provides detailed analysis and technical discussion of the incremental policy measures needed to strengthen such collective efforts. More than anything else, he contends, reform of the international financial system should emphasize the prevention of crises. The primary preoccupation of governments and their citizens should be to encourage healthy growth and financial stability: prosperity management, rather than crisis management.
ISBN-13: 9780815708674
ISBN-10: 081570867X
Publication Date: 1/2005
Pages: 171
Rating:
  ?

0 stars, based on 0 rating
Publisher: Brookings Institution Press
Book Type: Paperback
Members Wishing: 0
Reviews: Amazon | Write a Review


Genres: