And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina write by Paul Blustein. This book was released on 2006-04-04. And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina available in PDF, EPUB and Kindle. In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001, when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso, and a wrenching downturn that threw millions into poverty and left nearly one-quarter of the workforce unemployed. Paul Blustein, whose book about the IMF, The Chastening, was called "gripping, often frightening" by The Economist and lauded by the Wall Street Journal as "a superbly reported and skillfully woven story," now gets right inside Argentina's rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players as well as reams of internal documents. He shows how the IMF turned a blind eye to the vulnerabilities of its star pupil, and exposes the conduct of global financial market players in Argentina as redolent of the scandals -- like those at Enron, WorldCom and Global Crossing -- that rocked Wall Street in recent years. By going behind the scenes of Argentina's debacle, Blustein shows with unmistakable clarity how sadly elusive the path of hope and progress remains to the great bulk of humanity still mired in poverty and underdevelopment.
And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina
And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina write by Paul Blustein. This book was released on 2006-04-04. And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina available in PDF, EPUB and Kindle. In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001, when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso, and a wrenching downturn that threw millions into poverty and left nearly one-quarter of the workforce unemployed. Paul Blustein, whose book about the IMF, The Chastening, was called "gripping, often frightening" by The Economist and lauded by the Wall Street Journal as "a superbly reported and skillfully woven story," now gets right inside Argentina's rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players as well as reams of internal documents. He shows how the IMF turned a blind eye to the vulnerabilities of its star pupil, and exposes the conduct of global financial market players in Argentina as redolent of the scandals -- like those at Enron, WorldCom and Global Crossing -- that rocked Wall Street in recent years. By going behind the scenes of Argentina's debacle, Blustein shows with unmistakable clarity how sadly elusive the path of hope and progress remains to the great bulk of humanity still mired in poverty and underdevelopment.
Finance & Development, September 2005
Finance & Development, September 2005 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Finance & Development, September 2005 write by International Monetary Fund. External Relations Dept.. This book was released on 2005-09-16. Finance & Development, September 2005 available in PDF, EPUB and Kindle. This paper explores why increased aid flows require economic policymakers to confront some specific issues. Ensuring that increased aid promotes growth and reduces poverty is certainly the most important task. Empirical studies offer only mild support for aid-boosting growth. However, one study suggests that once one excludes the aid flows aimed at political and humanitarian goals, a positive net effect is observed for the remaining aid focused on economic objectives. This paper also outlines the roles to be played by development partners for making the aid being properly utilized for boosting growth.
A Flop and a Debacle
A Flop and a Debacle - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Flop and a Debacle write by Paul Blustein. This book was released on 2012. A Flop and a Debacle available in PDF, EPUB and Kindle. The first, which chronicled the emerging markets crises of the late 1990s, was The Chastening: Inside the Crisis that Rocked the Global Financial System and Humbled the IMF (PublicAffairs, 2001); the second was And the Money Kept Rolling In (And Out): Wall Street, the IMF, and the Bankrupting of Argentina (PublicAffairs, 2005). [...] It the IMF to address the imbalances in the years prior to the is a detailed account of the initiatives, led by the IMF, to crisis. [...] The story 2007, the plan released by the five participants was derided also illustrates in stark terms how the decline in US power, in the media as essentially a restatement of commitments especially relative to China, has eroded Washington's that the IMF had made already - notwithstanding the capacity to exercise leadership and work its will in the Fund's efforts to depict the talks as successful [...] The managing director also noted the rarity of such reserves accumulating in the coffers of governments consultations in the past and the difficulty of proving a throughout the developing world, few countries were charge of manipulation, since it required showing that interested in IMF loans - one result being that the Fund's the reason for the manipulation was to gain competitive interest income [...] Much the IMF-World Bank spring meetings the following month, of their criticism of the effort to revise the 1977 decision the ministers who oversee the Fund formally endorsed the focused on the impossibility of drafting rules that would idea as one of the key components of de Rato's revised reflect truly objective judgments about currency levels.
Forgotten Continent: The Battle for Latin America's Soul
Forgotten Continent: The Battle for Latin America's Soul - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Forgotten Continent: The Battle for Latin America's Soul write by Michael Reid. This book was released on 2010-08-18. Forgotten Continent: The Battle for Latin America's Soul available in PDF, EPUB and Kindle. The bestselling primer on the social, political, and economic challenges facing Central and South America by The Economist editor and author of Brazil. Latin America has often been condemned to failure. Neither poor enough to evoke Africa’s moral crusade, nor as explosively booming as India and China, it has largely been overlooked by the West. Yet this vast continent, home to half a billion people, the world’s largest reserves of arable land, and 8.5 percent of global oil, is busily transforming its political and economic landscape. This book argues that rather than failing the test, Latin America’s efforts to build fairer and more prosperous societies make it one of the world’s most vigorous laboratories for capitalist democracy. In many countries—including Brazil, Chile and Mexico—democratic leaders are laying the foundations for faster economic growth and more inclusive politics, as well as tackling deep-rooted problems of poverty, inequality, and social injustice. They face a new challenge from Hugo Chávez’s oil-fueled populism, and much is at stake. Failure will increase the flow of drugs and illegal immigrants to the United States and Europe, jeopardize stability in a region rich in oil and other strategic commodities, and threaten some of the world’s most majestic natural environments. Drawing on Michael Reid’s many years of reporting from inside Latin America’s cities, presidential palaces, and shantytowns, the book provides a vivid, immediate, and informed account of a dynamic continent and its struggle to compete in a globalized world. “No one who seriously aspires to discuss Latin American politics, economics, and culture should go without reading Forgotten Continent.”—National Interest
