Studies of Memeda

Global Governance and
Financial Crises

Are global financial markets rational or are manias possible? Should crises be allowed to run their 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 essays that review the spate of financial crises that have occurred in recent years starting with
Mexico in 1994 and moving on to more recent crises in Turkey and Argentina.
With impressive contributors such as Douglas Gale, Gabriel Palma, Michel
Aglietta and Andrew Gamble, the book is a timely and authoritative study.
Global Governance and Financial Crises provides a new understanding of this important area with a combination of economic history, political economy as well as the most recent developments in analytical economic theory. Students, researchers and policy makers would do well to read it and learn some important lessons for the future.
Meghnad Desai is Director of the Centre for the Study of Global Governance and
Professor of Economics at the London School of Economics. He is also author of
Marx’s Revenge (2002).
Yahia Said is a Research Officer at the Centre for the Study of Global
Governance at the London School of Economics. He has also worked as a corporate finance consultant.

Routledge studies in the modern world economy

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Interest Rates and Budget Deficits
A study of the advanced economies
Kanhaya L. Gupta and Bakhtiar Moazzami
World Trade after the Uruguay Round
Prospects and policy options for the twenty-first century
Edited by Harald Sander and András Inotai
The Flow Analysis of Labour Markets
Edited by Ronald Schettkat
Inflation and Unemployment
Contributions to a new macroeconomic approach
Edited by Alvaro Cencini and Mauro Baranzini
Macroeconomic Dimensions of Public Finance

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