Paul Blustein Bücher

This is a behind-the-scenes look at the International Monetary Fund during the financial crisis of the late 1990s. It is based on interviews with more than 200 officials at the IMF, the World Bank, the US Treasury, the Federal Reserve, the White House and many foreign governments.

This dramatic, definitive account of the most spectacular economic meltdown of modern times exposes the dangerous flaws of the global financial system. In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001 when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso and a wrenching downturn that threw millions into poverty and left nearly one-quarter of the workforce unemployed. Paul Blustein, whose book about the IMF, "The Chastening", was called 'gripping, often frightening' by "The Economist" now gets right inside Argentina's rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players, as well as reams of internal documents

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. 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.

As a linchpin of global capitalism, the World Trade Organization is both revered and reviled. In this book, financial journalist Paul Blustein tells the surprisingly entertaining and compelling story of how the WTO is sliding into dysfunctionality—which poses a new and grave menace to globalization itself. In more than seven years of global talks the WTO has struggled and failed to resolve contentious differences between rich and developing nations. Now, with a worldwide recession underway, the WTO's failure is contributing to a rise in protectionism—a sign that the world may not be so flat after all. Misadventures of the Most Favored Nations recounts, in vivid detail, how the highstakes negotiations went awry. At risk, Blustein argues, is the fate of the system that for six decades has opened the global economy and kept it from splintering.

The book explores the enduring dominance of the US dollar in the global economy, analyzing its implications for both America and the international community. The author, an award-winning economic journalist, delves into the factors that contribute to the dollar's strength and examines potential future scenarios. Through insightful analysis, the narrative reveals how this financial supremacy affects global trade, economic stability, and geopolitical dynamics, providing a comprehensive understanding of currency's role in shaping the modern world.

An engrossing account of China's rise as an economic juggernaut and the saga leading to trade war with the United States.