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Financial Crisis, Contagion, and Containment:
From Asia to Argentina
Padma Desai

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"Professor Padma Desai has long stood as a voice for caution, pragmatism, and common sense against those who would impose untested economic models on economies in transition. In this book, she turns her attention to the central asymmetry of the world financial system: rich countries retain the privilege of managing their economies, while poor countries, having liberalized their financial markets prematurely, remain hostage to volatile capital flows, and when the inevitable crisis strikes, have to succumb to ill-fitting arrangements designed for them by the International Monetary Fund. This is a book that should be read widely."--Dani Rodrik, Harvard University

"This fascinating book presents an impressive epic on the financial crises that have afflicted a large portion of the world. While comparing alternative views for the remedy, it presents truly provocative criticisms on the IMF's former policy of trying to sustain free capital mobility for countries facing crisis. Based on the most informed knowledge of this subject but presented in a nontechnical form, with lucid descriptions of familiar crises, it will be appreciated by students and scholars as well as a broader intellectual audience."--Koichi Hamada, President, Economic and Social Research Institute, Cabinet Office of the Japanese Government

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File created: 4/21/2017

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