The editors of this book have pulled together a collection of chapters that review the spate of financial crises that have occurred in recent years starting with Mexico in 1994 and moving on to more recent crises in Turkey and Argentina. With impressive contributors such as Douglas Gale, Gabriel Palma and Andrew Gamble, the book is a timely and authoritative study. Global Governance and Financial Crises provides a new understanding of this important area with a combination of economic history and political economy as well as the most recent developments in analytical economic theory. Students, researchers and policy makers would do well to read it and learn some important lessons for the future.
Meghnad Desai is Director of the Centre for the Study of Global Governance and Professor of Economics at the London School of Economics. He is also author of Marx's Revenge which was published in 2002. Yahia Said is a Research Officer at the Centre for the Study of Global Governance at the London School of Economics. He has also worked as a corporate finance consultant.
1. Introduction Meghnad Desai and Yahia Said 2. Financial Crises and Global Governance Meghnad Desai 3. Asset Price Bubbles and Monetary Policy Franklin Allen and Douglas Gale 4. The International Monetary Fund: Past and Future Michel Aglietta 5. Regulating Global Finance: rival conceptions of world order Andrew Gamble 6. Crises, Recovery and Reforms in East Asia Jomo K.S. 7. Mexico, Korea and Brazil: three paths to financial crises