Editorial Reviews
Book Description
In Limiting Risks and Sharing Losses in the Globalized Capital Market Barry Hager draws lessons from recent international financial crises--Mexico in 1994-95 and Asia in 1997, affecting Thailand, Indonesia, Korea, and Japan.
Some lessons concern local elements of the crises, such as the effects of hiding economic weaknesses from outsiders. Others concern international elements, such as the need to reduce the volatility of the almost incomprehensibly large and complex world of currency trading and capital movement. Hager shows that these financial crises relate to traditional foreign policy concerns, such as ensuring that the stresses of economic restructuring, which international institutions often demand as a condition of financial aid, do not weaken young democracies or make the recipient country hostile to the United States and the international community.
Limiting Risks gathers thoughtful conclusions drawn in a series of public discussions and small group meetings sponsored by the Woodrow Wilson International Center for Scholars, involving many individuals with policy-making experience at major national and international financial institutions.
About the Author
Barry M. Hager is president of Hager Associates, a legal and consulting firm founded in 1990, specializing in international finance and trade. Based on his work for the U.S. Congress and in the private sector, Hager has expertise in U.S., European, and Japanese policies in banking, trade, foreign policy, and economic development.
Limiting Risks and Sharing Losses in the Globalized Capital Market (Woodrow Wilson Center Special Studies),Barry M. Hager,Woodrow Wilson Center Press,0943875889,Business & Economics,Business/Economics,Capital market,Development - Economic Development,Finance,Foreign economic relations,International - Economics,International Economic Relations,International Finance,International Relations - General,International economic relatio,Politics / Current Events,United States
Book Details:
Recommended Books