Financial crisis, liquidity and international monetary system

Author: Chen Zhijun
Publisher:
Publish Date: 2003-09-01
Features: In this outstanding and insightful work, Jean Tirole analyzes the core issues of international economics with exceptionally clear thinking. For all readers dedicated to understanding the economic principles behind the recent trends of reforming the international financial system, this book is a must-read. Jean Tirole is a perfect embodiment of the significant value of economic thought, spreading the light and warmth of his wisdom to every research field he engages in. In this book, he provides a perfect combination of detailed facts and rigorous theory regarding international financial crises. The dual agency and co-agency perspectives he proposes expand our understanding of the role and flaws of the international financial system and point out the path for reform. All experts and scholars aspiring to conduct research in this field should read this book seriously. This book represents an in-depth attempt to introduce a strong theoretical foundation into the construction of the international financial system. Its analysis is concise and elegant, and the conclusions it draws are unconventional and thought-provoking. For economists engaged in academic discussions on the construction of the international financial system, this book is an indispensable reference. It analyzes common perspectives on financial crises and reforms of the international financial system, and elaborates on applying the basic principles of corporate finance, liquidity supply, and corporate risk management to the borrowing issues of individual countries.