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And the money kept rolling in (and out)

[the world bank], Wall Street, the IMF, and the bankrupting of Argentina
Author: Search for this author Blustein, Paul (author)
Statement of Responsibility: Paul Blustein
Year: 2006
Publisher: New York [New York], PublicAffairs
Media group: Book/Buch
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Barcode: 01155750 Locations: 2.12.4 BLU Status: available

Content

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.

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Author: Search for this author Blustein, Paul (author)
Statement of Responsibility: Paul Blustein
Year: 2006
Publisher: New York [New York], PublicAffairs
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Classification: Search for this systematic 2.12.4
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ISBN: 978-1-58648-381-4
ISBN (2nd): 1-58648-381-1
Description: xxii, 278 Seiten, Illustrationen
Tags: Crisis, International Credit, IMF Lending, Currency Crisis, Exchange Rate Policy, Economic Policy, International Monetary Fund, Argentina, Bankruptcy, Globalization, World Bank, Wall Street, Financial Crisis, Krise, Economic Crisis, Wirtschaftskrise, Internationaler Kredit, IWF-Kredit, Währungskrise, Wechselkurspolitik, Währungspolitik, Wirtschaftspolitik, Internationaler Währungsfonds, Argentinien, Bankrott, Globalisierung, Finanzkrise
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Language: eng
Media group: Book/Buch