And the Money Kept Rolling In (and Out)

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This dramatic, definitive account of the most spectacular economic meltdown of modern times exposes the dangerous flaws of the global financial system. In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001 when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso and a wrenching downturn that threw millions into poverty and left nearly one-quarter of the workforce unemployed. Paul Blustein, whose book about the IMF, "The Chastening", was called 'gripping, often frightening' by "The Economist" now gets right inside Argentina's rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players, as well as reams of internal documents