Summary:
The book analyzes the international monetary system and the frequent crises that have occurred, examining their causes and consequences. It also proposes reforms for the prevention and management of future financial crises, emphasizing the role of international financial institutions and the challenges of policy coordination.
Key points:
1. Understanding Financial Crisis History: Eichengreen highlights the need to study past financial crises to prevent and manage new ones, focusing on common causes like fixed exchange rates and capital flow issues.
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