- Paperback: 528 pages
- Publisher: MIT Press; New Ed edition (16 Sep 2005)
- Language English
- ISBN-10: 0262562162
- ISBN-13: 978-0262562164
- Product Dimensions: 22.3 x 15.3 x 3 cm
- Average Customer Review: 4.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Bestsellers Rank: 1,394,829 in Books (See Top 100 in Books)
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Review
"A deeply thoughtful and engaging collection of essays from a justly celebrated academic economist and policymaker who, for seven years as No. 2 at the International Monetary Fund, flew into the eye of the greatest international financial storms of the modern era." Kenneth S. Rogoff, Professor of Economics and Director of the Center for International Development, Harvard University "One has trouble thinking of another economist--at least, since Keynes!--who has done as well as Stan Fischer at combining analytical skill, good policy sense, clear expression, selfless dedication toward making the world a better place, and the ability to get everything done, and with imperturbable good humor as well. This book considers the important macroeconomic issues that faced him as No. 2 at the IMF. The aim is to get at the best available answers to these questions, rather than to participate in a trumped-up and simplistic public debate over whether or not the IMF and globalization are truly evil." Jeffrey Frankel, Harpel Professor of Capital Formation and Growth, Kennedy School of Government, Harvard University " A timely exploration of dollarization, by an outstanding collection of authors."--Jeffrey A. Frankel, Harpel Chair of Capital Formation and Growth, Kennedy School of Government, Harvard University "One has trouble thinking of another economist -- at least, since Keynes! -- who has done as well as Stan Fischer at combining analytical skill, good policy sense, clear expression, selfless dedication toward making the world a better place, and the ability to get everything done, and with imperturbable good humor as well. This book considers the important macroeconomic issues that faced him as Number 2 at the IMF. The aim is to get at the best available answers to these questions, rather than to participate in a trumped-up and simplistic public debate over whether or not the IMF and globalization are truly evil."--Jeffrey A. Frankel, Harpel Chair of Capital Formation and Growth, Kennedy School of Government, Harvard University
Product Description
Stanley Fischer served as First Deputy Managing Director of the International Monetary Fund from 1994 to 2001. IMF Essays from a Time of Crisis collects sixteen essays written for the most part during his time at the IMF, each updated with Fischer's later reflections on the issues raised. The IMF drew much criticism for some of its actions during Fischer's tenure, and he vigorously defends the "battlefield medicine" practiced by the IMF during a series of economic crises, which included the problems of economic transition in the former Soviet bloc and the Asian financial crisis. Fischer addresses the subsequent calls for reform of the international financial system and makes the case for the IMF as an international lender of last resort.The first section of essays, "The Role of the IMF and the Reform of the International Financial System," considers the IMF's role in the international financial system in light of the crises of the 1990s. The second section, "Macroeconomic Policy, Stabilization, and Transition," examines such topics as exchange rate regimes, inflation, and Eastern Europe's relation to the European Union. The final section, "Poverty and Development," reflects Fischer's basic belief that economic policies should explicitly target poverty reduction. These engaging and accessible essays will appeal not only to economics students, economists, and policymakers but also to the general reader interested in the international monetary system.
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First Sentence
The argument set out in "On the Need for an International Lender of Last Resort" had been forming for a long time before I wrote the chapter. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
The argument set out in "On the Need for an International Lender of Last Resort" had been forming for a long time before I wrote the chapter. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
Format:Hardcover
This lucid, plain, straightforward book is not necessarily the sort ofthing one expects from an economist, yet author Stanley Fischer is one ofour era’s greatest economists. His work at the International Monetary Fundput him on the front lines during some of the twentieth century’s mostserious economic crises and panics. He has a unique and valuableperspective. His timely discussion of the IMF and the World Bank providesa sobering antidote to the rhetoric of both globalization andanti-globalization. Fischer reminds us that the IMF’s many glaringfailures and imperfections are the stumbles and flaws of an organizationthat has done good work to further a noble purpose. It also has provenwilling and able to change when the facts do. For good reason, Fischer’sessays sometimes read like the arguments of a defense attorney counteringprosecutorial accusations. The IMF has come in for so much criticism inrecent years that it is refreshing to discover so many points in itsfavor, and we find it both fair and prudent to consider them carefully.
Format:Hardcover
This lucid, plain, straightforward book is not necessarily the sort of thing one expects from an economist, yet author Stanley Fischer is one of our era's greatest economists. His work at the International Monetary Fund put him on the front lines during some of the twentieth century's most serious economic crises and panics. He has a unique and valuable perspective. His timely discussion of the IMF and the World Bank provides a sobering antidote to the rhetoric of both globalization and anti-globalization. Fischer reminds us that the IMF's many glaring failures and imperfections are the stumbles and flaws of an organization that has done good work to further a noble purpose. It also has proven willing and able to change when the facts do. For good reason, Fischer's essays sometimes read like the arguments of a defense attorney countering prosecutorial accusations. The IMF has come in for so much criticism in recent years that it is refreshing to discover so many points in its favor, and we find it both fair and prudent to consider them carefully.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
2 reviews
Insightful!
9 Mar 2004
Format:Hardcover
This lucid, plain, straightforward book is not necessarily the sort of thing one expects from an economist, yet author Stanley Fischer is one of our era's greatest economists. His work at the International Monetary Fund put him on the front lines during some of the twentieth century's most serious economic crises and panics. He has a unique and valuable perspective. His timely discussion of the IMF and the World Bank provides a sobering antidote to the rhetoric of both globalization and anti-globalization. Fischer reminds us that the IMF's many glaring failures and imperfections are the stumbles and flaws of an organization that has done good work to further a noble purpose. It also has proven willing and able to change when the facts do. For good reason, Fischer's essays sometimes read like the arguments of a defense attorney countering prosecutorial accusations. The IMF has come in for so much criticism in recent years that it is refreshing to discover so many points in its favor, and we find it both fair and prudent to consider them carefully.
0 of 1 people found the following review helpful
Insightful!
23 April 2004
Format:Hardcover
This lucid, plain, straightforward book is not necessarily the sort of thing one expects from an economist, yet author Stanley Fischer is one of our era's greatest economists. His work at the International Monetary Fund put him on the front lines during some of the twentieth century's most serious economic crises and panics. He has a unique and valuable perspective. His timely discussion of the IMF and the World Bank provides a sobering antidote to the rhetoric of both globalization and anti-globalization. Fischer reminds us that the IMF's many glaring failures and imperfections are the stumbles and flaws of an organization that has done good work to further a noble purpose. It also has proven willing and able to change when the facts do. For good reason, Fischer's essays sometimes read like the arguments of a defense attorney countering prosecutorial accusations. The IMF has come in for so much criticism in recent years that it is refreshing to discover so many points in its favor, and we find it both fair and prudent to consider them carefully.
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