영문목차
Preface=xi
Acknowledgments=xv
1. Introduction=1
Outline of the Book=6
2. Summary of Recommendations=9
Crisis Prevention=10
Crisis Prediction=13
Crisis Management=14
Reforming the IMF=16
3. Standards for Crisis Prevention=19
The Standard Solution=21
Some Examples=24
Problems=30
The Role of the International Financial Institutions=32
Incentives for Compliance=34
Implications=35
4. Banks and Capital Flows=37
Causes and Consequences of Bank Fragility=38
Capital Mobility and Crises=41
Preventing Banking Crises=42
The Evidence on Chilean Capital-Inflow Taxes=51
The Importance of Not Confusing Inflow and Outflow Controls=55
5. Bailing in the Private Sector=59
The Need for Architectural Reform=61
Ex Ante Measures=63
Ex Post Measures=65
6. What Won't Work=79
Disclosure and Discipline as Solutions to All Problems=80
Leading Indicators=84
An International Debt Insurance Agency=86
A Tobin Tax=88
An International Court for Sovereign Debts=90
Global Moneys and Global Monetary Institutions=93
7. What the IMF Should Do (and What We Should Do about the IMF)=97
Why Radical Reform Won't Work=97
IMF Exchange Rate Advice=103
Fiscal and Monetary Policies=109
Measures to Encourage Debt Restructuring=113
Transparency=113
The Fund and the Capital Account=115
Is There Still a Case for Amending the Articles of Agreement?=118
Conclusion=119
Appendices=124
Appendix A. Architecture Scorecard=124
Appendix B. How Economists Understand Crises=133
Appendix C. Understanding Asia's Crisis=143
References=171
Index=181