"The explosive growth and increasing complexity of global financial markets are defining characteristics of the contemporary world economy. Unfortunately, financial globalization has been accompanied by a marked increase in the frequency and severity of financial crises. The International...

"Banks on the Brink explains why some countries are more prone to systemic bank failures than others. We focus on the political decisions that shape the structure of financial markets and the international economic forces that make some countries especially vulnerable to financial instability....

What explains the substantial variation in the International Monetary Fund's lending policies over time and across cases? Some scholars argue that the IMF is the servant of the United States and other powerful member-states, while others contend that the Fund's professional staff acts...