He explains why the United States became the "borrower and spender of last resort," makes the case that this was an untenable arrangement, and argues that global economic security depends on radical reforms in the international monetary system and the ability of emerging economies to borrow sustainably in domestic currencies. Sharply and clearly argued, Wolf's prescription for fixing global finance illustrates why he has been described as "the world's preeminent financial journalist."
He explains why the United States became the "borrower and spender of last resort," makes the case that this was an untenable arrangement, and argues that global economic security depends on radical reforms in the international monetary system and the ability of emerging economies to borrow sustainably in domestic currencies. Sharply and clearly argued, Wolf's prescription for fixing global finance illustrates why he has been described as "the world's preeminent financial journalist."
- ISBN:
- 9780801895739
- 9780801895739
- Category:
- Development economics & emerging economies
- Age range:
- + years old
- Format:
- Paperback
- Publication Date:
- 27-05-2010
- Language:
- English
- Publisher:
- Johns Hopkins University Press
- Country of origin:
- United States
- Edition:
- 2nd Edition
- Pages:
- 272
- Dimensions (mm):
- 229x152x18mm
- Weight:
- 0.39kg
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