Financial Crises, Liquidity, and the International Monetary System

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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.