In Defense of Free Capital Markets: The Case Against a New International Financial Architecture: The Case Against a New International Finanical Architecture - Rilegato

Derosa, David F.

Rilegato

ISBN 10: 157660036X ISBN 13: 9781576600368

Casa editrice: Bloomberg Pr, 2001

Riassunto

Argues that the keys to the success of the free market system in developing countries lie in less government intervention and reform, the elimination of fixed exchange rates, and more trust in the markets themselves.

Su questo libro

Descrizione del libro:

throughout in defense of free capital markets, david derosa makes a compelling case that less, not more regulation is vitally needed; that public policies often have been dead wrong in concept and application; that so-called controls generate indirect and unintended harmful consequences; and that aggressive intervention is no panacea.

Contenuti:

chapter one: financial policy and the cycle of regulation

the analysis of financial policy

the growth of antimarket sentiment

an alternative view of crisis and regulation

the demonization of the foreign exchange market

chapter two: japan's lost decade of the 1990s

the juggernaut

on the reefs

beyond capitalism?

the bubble economy

a critique of japanese monetary policy

ministerial diversions

the future of japan's economy

chapter three: exploding foreign exchange regimes

distortions arising from fixed exchange rates

the european exchange rate mechanism crises: 1992 and 1993

foreign exchange crises in emerging-market economies

the mexican peso crisis: 1994-1995

chapter four: the southeast asian currency crisis of 1997

the consequences of the strong-dollar doctrine

thailand kicks it all off

indonesia follows

malaysia pulls a fast one

chapter five: accounting for contagion

singapore weathers the storm

hong kong chooses crisis

panicked selling of u.s. equities

brazil squeaks through

korea learns finance the hard way

chapter six: exploding hedge funds

russian default spawns a new crisis

hong kong's fall from free-market grace

the ltcm fiasco and market turbulence in autumn 1998

did the federal reserve overreact to ltcm?

chapter seven: fast fixes and alternative exchange rate regimes

peg hard or float

currency boards

dollarization

foreign exchange target zones and the tobin tax

the case for freely floating exchange rates

chapter eight: the quest for a new financial architecture

reform is in the air

statistical risk models and the peso problem

capital controls and malaysia's legacy

what to do about the imf

chapter nine: conclusions

Su questa edizione

• Editore: Bloomberg Pr
• Data di pubblicazione: 2001
• ISBN 10: 157660036X
• ISBN 13: 9781576600368
• Rilegatura: Copertina rigida
• Numero di pagine: 230