And The Money Kept Rolling In
And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina
The book described the economic collapse of Argentina in The author contended that in the late s Argentina employed new policies that were in keeping with the ideologies of the International Monetary Fund , Wall Street financial institutions, and the World Bank. When Argentina failed to successfully implement these policies, the result was a complete collapse of not only the economic infrastructure but the government as well, leaving millions in financial ruin. Following his remarks he answered questions from the audience. He also discussed the…. Rajan Raghuram spoke to reporters about global economic forecasts and a report by the International Monetary Fund on…. Fleischer talked with reporters about the Enron investigation, the Argentinean economic situation, and the….
Paul Blustein. In the s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in , 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 and lauded by the Wall Street Journal as "a superbly reported and skillfully woven story," 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.
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An in-depth chronicle of the collapse of the Argentinean economy looks back on its heights during the s and the crash of , examining the chaos that followed and the responsibility of the First World nations for the disaster. It's not often--or maybe ever--that a book steeped in emerging-market economic theory reads like a thriller.,