Monday 26 May 2008

The Chastening

The Chastening



Author: Paul Blustein
Edition:
Publisher: PublicAffairs
Binding: Paperback
ISBN: 1586481819
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The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The Imf



Lauded by reviewers and scholars alike, Paul Blustein's The Chastening examines the role of the International Monetary Fund in the series of economic crises that rocked the globe in the last decade.The Chastening review. Based on hundreds of interviews with officials at the IMF, the World Bank, the U.S. Treasury, the Federal Reserve, the White House, and many foreign governments, The Chastening offers a behind-the-scenes look at the Fund during an extraordinarily turbulent period in modern economic history and at a time when the IMF has become the object of intense political controversy.

While the IMF and its overseers at the Treasury and the Fed have sought to cultivate an image of economic masterminds coolly dispensing effective economic remedies, the reality is that as markets were sinking and defaults looming, the guardians of global financial stability were often floundering, improvising, and feuding among themselvesRead full reviews of The Chastening of the Lord: Four Bible Readings Give..., 9781290740494.

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Store Search search Title, ISBN and Author The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the IMF by Paul Blustein Estimated delivery 3-12 business days Format Paperback Condition Brand New Lauded by reviewers and scholars alike, Blustein #039;s quot;The Chastening quot; examines the role of the International Monetary Fund in the series of economic crises that rocked the globe in the last decade. Publisher Description Lauded by reviewers and scholars alike

The Chastening of the Lord: Four Bible Readings Give..., 9781290740494
The Chastening of the Lord: Four Bible Readings Given at St. Peter's Eaton Square, ISBN-13: 9781290740494, ISBN-10: 1290740496

The Chastening: Inside The Crisis That Rocked The Globa
TheNile.com.au About FAQ Payment Delivery Contact Us 1800-987-323 The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the IMF by Paul Blustein Format Paperback Condition Brand New Lauded by reviewers and scholars alike, Blustein #039;s quot;The Chastening quot; examines the role of the International Monetary Fund in the series of economic crises that rocked the globe in the last decade. Publisher Description Lauded by reviewers and scholars alike, Paul Blustein

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The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the IMF
Lauded by reviewers and scholars alike, Blustein's "The Chastening" examines the role of the International Monetary Fund in the series of economic crises that rocked the globe in the last decade.



The Chastening Reviews


Based on hundreds of interviews with officials at the IMF, the World Bank, the U.S. Treasury, the Federal Reserve, the White House, and many foreign governments, The Chastening offers a behind-the-scenes look at the Fund during an extraordinarily turbulent period in modern economic history and at a time when the IMF has become the object of intense political controversy.

While the IMF and its overseers at the Treasury and the Fed have sought to cultivate an image of economic masterminds coolly dispensing effective economic remedies, the reality is that as markets were sinking and defaults looming, the guardians of global financial stability were often floundering, improvising, and feuding among themselves. The Chastening casts serious doubt on the IMF's ability to combat of investor panics at a time when massive flows of money traverse borders and oceans.

A readable, compelling account of the deeply flawed workings of the international political system, The Chastening is vital reading for students and scholars of international diplomacy, government, and economic and public policy.
An author who tries to write an engaging book about the International Monetary Fund faces a daunting task. Who besides devoted readers of The Financial Times would want to read it? With The Chastening, however, Paul Blustein offers a remarkably accessible account of this off-putting institution and its importance to the world economy. "The IMF cultivates its mystique, seeking to appear all-knowing, scientific, and detached. To outsiders, it often comes across as a high priesthood with pretensions of divine powers and insight," he writes. Blustein tears down this façade as he recounts some of the epic struggles of recent years: "As markets were sinking and defaults looming, the guardians of global financial stability were often scrambling, floundering, improvising, and striking messy compromises." Through dozens of interviews with IMF insiders, Blustein reveals how the institution really works--and how it often doesn't. There are fast-paced stories of success and failure on these pages, as Blustein describes efforts to bail out faltering economies in Korea, Russia, and elsewhere. Best of all, readers don't need economics degrees to keep pace: anybody who simply wants a primer on global financial systems will be well served by Blustein. --John Miller

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