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"In the late 1990s, despite a spectacular stock market boom in the United States, all was not well with the global economy. In rapid succession, Thailand, Indonesia and South Korea spiraled toward economic collapse as international bankers and money managers lost confidence that these nations could repay their debts and maintain the value of their currencies. And as the Asian financial crisis smoldered and flared, the embers spread to Russia and Brazil,...
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"The Asian crisis, which began in 1997, triggered ongoing controversy over an appropriate role for the International Monetary Fund in managing financial globalization in emerging markets. This book argues for a more political approach to this debate. It places the crisis, and subsequent debates about a new international financial architecture, in the context of the political economy of financial governance since Bretton Woods. It draws out the links...
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