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Dietrich Hartenstein, Jürgen Stark
Die Stärkung des internationalen Finanzsystems
[Strengthening the International Finance System. By Jürgen Stark and Dietrich Hartenstein.]
2002. 62 pages. unrevised ebook edition 2025. Published in German.
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In this work, the authors question the foundations of present international financial structures and the mandates and roles of the IMF and the World Bank. Jürgen Stark and Dietrich Hartenstein analyze the measures taken by these institutions to prevent and solve crises, taking into account the changing global economic environment, in particular the floating exchange rates, the liberalization of capital movements, the codes and standards and the possible role of the IMF as a 'lender of last resort.' In an increasingly globalized world, the suggestions made in this book are worth consideration.