Includes bibliographical references and index (p. 765-767).

The Bretton Woods Institutions -- Development -- The fall of the Bretton Woods system -- The rise of the World Bank and the NIEO -- The 1980s debt crisis and the lost decade --Development in the 1990s -- The BWI's 50th anniversary -- Capital markets -- The Mexican crisis -- The Asian financial crisis -- Capital adequacy -- The virus: subprime mortgages -- The virus spreads: securitization -- Outbreak -- Credit rating agencies as gatekeepers -- Epilogue -- The GFC exposes cracks in the European Monetary Union: the European sovereign debt crisis -- Development issues in the new millennium -- "Development" today: the capabilities approach -- The rise of emerging market economies -- Emerging market economies: selected topics.

"The author combines his expertise in international finance and development (IFD) with his skills as a professionally-produced playwright to explain the basic, but nevertheless complex, concepts of IFD in a way that's accessible and entertaining for persons without a background in the subject matter. . . . The textbook is essentially a narrative of IFD, beginning with the establishment of the International Monetary Fund and the World Bank and ending with topics relating to emerging market economies. Throughout the narrative the author explores major financial crises, including the global financial crisis and the European sovereign debt crisis. Each chapter includes supplements that explore the chapter's topics in more depth." -- Publisher's website.