50 Years of Financial Crises

Jacques de Larosière

• Publisher: Odile Jacob
• Year: 2018
• Print ISBN: 9782738144683
• eBook ISBN: 9782738144706
• Topic: Business
• Subtopic: Business General
• Index: Business

"This story essentially tells of the financial crises that the markets always end up inflicting on those who have abused their innovations, their excesses and the lax atmosphere. Dealing with these crises – in often inventive ways – has taken up much more energy than their prevention or any substantive reforms. I had the privilege of being involved in some of these 'ways out of crisis'. I lived through their dramatic intensity and was, sometimes, able to contribute to pragmatic solutions which helped to steady the ship. This was true, for example, of the Latin American crisis, negotiation of the IMF adjustment programmes and aiding the transition of the Eastern European countries. But the picture is still dark. The 2007-2008 crisis, with its trail of unemployment and recession, is an extreme example of what excess debt can do. And quantitative easing policies, implemented to minimize the effects of the 'great recession' despite its origins in the abuse of debt, plunge an observer like myself into an abyss of questions and doubts."From the collapse of Bretton Woods to that of Lehman Brothers, a first-hand account of fifty years of financial crises by a participant on the front lines of finance and currency. The memoirs of an exceptional, influential man who worked alongside Jacques Delors, Valéry Giscard d'Estaing, Raymond Barre, Paul Volcker, and many others. Jacques de Larosière spent his entire career at the head of financial institutions: he was first Managing Director of the International Monetary Fund (1978-1987) before becoming Governor of the Banque de France (1987-1993), then president of the European Bank for Reconstruction and Development (1993-1998). He is currently Advisor to the president of BNP-Paribas.

Index

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• Abal-Khail, Mohammed 105, 111, 123
• Abbas, Fehrat 41
• Agca, Mehmet Ali 169
• Ahidjo, Ahmadou 47
• Al-Koureichi, Mr. 105, 111
• Alphandéry, Edmond 158
• Amato, Giulano 146
• Andersen, Mr. 52
• Andrès, Jean-Marie 206
• Andriessen, Frans 147
• Ansary, Hushang 87
• Apollonio, Luigi 211
• Armand, Alain 140
• Aron, Raymond 26
• Atatürk, Mustafa Kemal 20
• Attali, Jacques 174-175
• Babeau, André 200
• Babelon, Jean 25
• Baillin, Marie-Claire 213
• Baker, Jim 121, 129, 137, 227
• Balcerowicz, Leszek 170, 190, 208, 227-228
• Baldisius, Vilnius 167
• Balladur, Édouard 135, 143-144, 146, 157-158, N3
• Barre, Raymond 84, 90-93, N1
• Baudelaire, Charles 24
• Baudon, Thierry 189
• Ben Bella, Ahmed 41
• Bérégovoy, Pierre 144-145, 149, 156-157
• Bergeaud, Camille 19
• Bernard, Jean-René 35
• Bernheim, Antoine 95
• Berthelot, Philippe 25
• Beza, Ted 99, 115-116, 118
• Bieleski, Jan 179
• Billotte, Pierre N10
• Blanc, André 35
• Bloch-Lainé, Jean-Michel 93
• Bloch, Mr. 23
• Boccaccio, Henri 26
• Boisselet, Véronique 192
• Bonnaud, Jean-Jacques 206
• Bos,...

Table of contents

• Cover
• Title Page
• Copyright Page
• Dedication
• Preface
• CHAPTER I - Family and upbringing
• CHAPTER II - The study years (1945-1961)
• CHAPTER III - London, Algeria and the Inspection des Finances (1961-1963)
• CHAPTER IV - First years at the Ministry of Finance (1963-1971)
• CHAPTER V - The collapse of the Bretton Woods system in 1971
• CHAPTER VI - After the oil shock, four years as Treasury Director: 1974-1978
• CHAPTER VII - The IMF: the “magic years” (1978-1987)
• CHAPTER VIII - The Banque de France (1987-1993): seven years of permanent crisis
• CHAPTER IX - The Eastern countries: the EBRD's role in the transition (1993-1998)
• CHAPTER X - What was that about retiring?
• Postface
• List of the main (non-French) personalities mentioned in the biography
• Bibliography
• List of some articles and speeches by Jacques de Larosière
• Index
• Table of contents