Brother, can you spare a billion? : the United States, the IMF, and the international lender of last resort / Daniel McDowell
- McDowell, Daniel
- New York : Oxford University Press, 
- Physical Description:
- 1 volume ; 24 cm
- 1. Introduction -- 2. The ILLR in theory and practice -- 3. The United States invents its own ILLR, 1961-1962 -- 4. The Exchange Stabilization Fund and the IMF in the 1980s and 1990s -- 5. Who's in, who's out, and why? selecting whom to bail out, 1983-1999 -- 6. US international bailouts in the 1980s and 1990s -- 7. The United States as an ILLR during the Great Panic of 2008-2009 -- 8. Conclusions.
- "Through a combination of historical case studies and statistical analysis, McDowell uncovers the defensive motives behind U.S. decisions to provide global liquidity beginning in the 1960s, moving through international debt crises of the 1980s and emerging market currency crises of the 1990s, and extending up to the 2008 global financial crisis. Brother, Can You Spare a Billion? goes beyond conventional wisdom to paint a complete picture of how international financial crises have been managed and highlights the unique role that the United States has played in stabilizing the world economy in troubled times."--Provided by publisher.
- 9780190605766 and 0190605766
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