Financial Crises, Liquidity, and the International Monetary System

The book delves into the shift in perception regarding capital account liberalization, once deemed beneficial but now viewed with skepticism due to recent banking and currency crises. It offers a clear analysis of these crises, the reforms implemented to mitigate their impact, and proposes ideas for restructuring global financial institutions. Through the insights of a prominent European economist, it challenges the previous consensus and explores the complexities of modern financial systems.