The CEPII has recently completed a book on the main financial crises which have destabilised the world economy since 1995: Mexico, Thailand, Indonesia, Korea, Russia, LTCM, Brazil and Argentina. It seeks to give a more general view of these successive experiences and the international policy debate on the so-called "international financial architecture", including issues relating to the impact of large IMF bail-out programmes, conditionality and moral hazard, the creation of an international lender-of-last-resort or the setting up of bankruptcy procedures for sovereign States, capital controls and debt moratoria.
|
Abstract |
