Financial market turmoil grabbed headlines in the nineties. Many countries, most notably in East Asia, saw their currencies collapse and output plummet. Economic shock waves from these crises hit Canada.
In this collection of essays, distinguished contributors such as Linda McQuaig, Jacques Parizeau and Douglas Peters go behind the headlines. They explain the roots of international financial market turmoil and suggest reforms that will bring greater stability to the global economy and to the lives of the people who participate in it. They assert that financial markets are inherently unstable and argue for strong regulation.
Out of Control offers clear-headed analyses of the market turmoil of the 1990s and suggestions to minimize such volatility in future.
"The authors have done an excellent job in providing detailed and up-to-date references. The editor contributes an comprehensive and readable survey of the debate concerning short-term capital flows."