Global Governance and Financial Crises

Are global financial markets rational or are manias possible? Should crises be allowed to run theor course and purge the system ? Should a lender of last resort intervene to dampen their impact on the real economy? These questions and others are addressed in this impressive book. The editors of this book have pulled together a collection of chapters that review the spate of financial crises that have occured in recent years starting with Mexico in 1994 and moving on to more recent crises in Turkey and Argentina. With impressive contributiors such as Douglas Gale, Gabriel Palma and Andrew Gamble, this book will be a timel and authoritative study.