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| Author: | Peter B. Kenen, Adjunct Senior Fellow for International Economics |
|---|
September 2005
Finance and Development
Book Review
And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina
By Paul Blustein
PublicAffairs, New York, 2005, 178 pp., $27.50 (cloth).
Paul Blustein has done it again. In 2001, he published The Chastening, a fascinating account of the currency and financial crises that began with the collapse of the Thai baht in 1997. Based heavily on interviews with the main participants—officials of the crisis-stricken countries, those of the major industrial countries, and those of the IMF—it sought to explain how and why so many costly mistakes were made in responding to the crises. In his new book, And the Money Kept Rolling In (and Out), Blustein turns to the Argentine crisis of 2001, relying once more on interviews with the key participants, but rounding out his story with vivid accounts of the terrible hardships suffered by the victims of the crisis.
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