Financial Crises, Liquidity, and the International Monetary System

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The book explores the shift in perspective regarding capital account liberalization, once viewed as beneficial for economies, but now seen in light of recent banking and currency crises. It provides a clear analysis of these crises, the reforms aimed at preventing future occurrences, and proposes potential restructuring of global financial institutions to enhance stability. Through insightful examination, the author challenges previous assumptions and offers a fresh perspective on the complexities of international finance.