The Centre for International Governance Innovation, the Bologna Institute for Policy Research and Johns Hopkins University School of Advanced International Studies will host an event to mark the launch of the latest book by journalist Paul Blustein Laid Low, which goes behind the scenes to chronicle the International Monetary Fund’s role in the euro-zone crisis.
Events in Europe during 2010–2015 taxed the Fund’s resources and tested its crisis-fighting mettle in ways that were inconceivable a few years earlier. The sums the Fund lent in the euro-zone were of unprecedented magnitudes, both in absolute terms and relative to the size of the countries it was aiding. Also unprecedented was the scale of risk and complexity of forces that the Fund was confronting as it laboured to keep a financial conflagration from engulfing a regional economy comprising nearly one-fifth of global output as measured by gross domestic product (GDP).
The event will feature a brief presentation by the author, followed by discussion and cocktail reception in the lobby.