The disinformation age

Foreign Policy

Volumn , Issue 114, 1999, Pages 83-96

  Rothkopf, David J ^a  

^a Newmarket Company   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0041035588     PISSN: 00157228     EISSN: None     Source Type: Journal    
DOI: 10.2307/1149592     Document Type: Article

References (10)

1. The global financial meltdown has led an increasing number of observers to question the quality of the economic data that undergirds today's volatile markets. Philip Zelikow and Kirsten Lundberg's Treasury and the Mexican Shock (Cambridge: Kennedy School of Government Case Program, 1998) provides a superb account of how Mexican and U.S. treasury officials, Wall Streeters, and financial institutions alike failed to diagnose how a plummeting peso would induce investor panic.
2. Dissident MIT economist Rudiger Dornbusch's "A Thai-Mexico Primer" (International Economy, September/October 1997) explains how government deception and IMF misrepresentation contributed to the Thai debacle and its Mexican predecessor. Stanley Fischer, the IMF'S first deputy managing director, gamely defends his institution's honor in an exclusive interview: "The IMF Fights Back" (International Economy, January/February 1998).
3. Dissident MIT economist Rudiger Dornbusch's "A Thai-Mexico Primer" (International Economy, September/October 1997) explains how government deception and IMF misrepresentation contributed to the Thai debacle and its Mexican predecessor. Stanley Fischer, the IMF'S first deputy managing director, gamely defends his institution's honor in an exclusive interview: "The IMF Fights Back" (International Economy, January/February 1998).
4. The most fraudulent and deceitful financial forces reside on Wall Street, suggests former currency trader Ted Fishman in "Up in Smoke" (Harper's, December 1998). Henny Sender's "Moody's Blues" (Far Eastern Economic Review, August 13, 1998) reveals that even the sober assessments of credit agencies are proving fallible due to a lack of access to information. For further useful information on the subject, consult "Risks Beyond Measure" (Economist, December 13, 1997).
5. The most fraudulent and deceitful financial forces reside on Wall Street, suggests former currency trader Ted Fishman in "Up in Smoke" (Harper's, December 1998). Henny Sender's "Moody's Blues" (Far Eastern Economic Review, August 13, 1998) reveals that even the sober assessments of credit agencies are proving fallible due to a lack of access to information. For further useful information on the subject, consult "Risks Beyond Measure" (Economist, December 13, 1997).
6. The most fraudulent and deceitful financial forces reside on Wall Street, suggests former currency trader Ted Fishman in "Up in Smoke" (Harper's, December 1998). Henny Sender's "Moody's Blues" (Far Eastern Economic Review, August 13, 1998) reveals that even the sober assessments of credit agencies are proving fallible due to a lack of access to information. For further useful information on the subject, consult "Risks Beyond Measure" (Economist, December 13, 1997).
7. Any discussion of the incentives for misuse of information in both the public and private sector is incomplete without the contributions of Joseph Stiglitz, chief economist of the World Bank. In particular, consult his article on "The Private Uses of Public Interest" (Journal of Economic Perspectives, Spring 1998). Ricardo Hausmanns "Will Volatility Kill Market Democracy?" (FOREIGN POLICY, Fall 1997) proposes a package of prescriptions to make banks safe and budgets transparent in the wake of the recent financial mayhem. Treasury Secretary Robert Rubin offers several proposals for accurate, timely dissemination of financial information in his "Statement Before the IMF Interim Committee" on April 16, 1998, which is available on the United States Information Agency's Web site.
8. Any discussion of the incentives for misuse of information in both the public and private sector is incomplete without the contributions of Joseph Stiglitz, chief economist of the World Bank. In particular, consult his article on "The Private Uses of Public Interest" (Journal of Economic Perspectives, Spring 1998). Ricardo Hausmanns "Will Volatility Kill Market Democracy?" (FOREIGN POLICY, Fall 1997) proposes a package of prescriptions to make banks safe and budgets transparent in the wake of the recent financial mayhem. Treasury Secretary Robert Rubin offers several proposals for accurate, timely dissemination of financial information in his "Statement Before the IMF Interim Committee" on April 16, 1998, which is available on the United States Information Agency's Web site.
9. Any discussion of the incentives for misuse of information in both the public and private sector is incomplete without the contributions of Joseph Stiglitz, chief economist of the World Bank. In particular, consult his article on "The Private Uses of Public Interest" (Journal of Economic Perspectives, Spring 1998). Ricardo Hausmanns "Will Volatility Kill Market Democracy?" (FOREIGN POLICY, Fall 1997) proposes a package of prescriptions to make banks safe and budgets transparent in the wake of the recent financial mayhem. Treasury Secretary Robert Rubin offers several proposals for accurate, timely dissemination of financial information in his "Statement Before the IMF Interim Committee" on April 16, 1998, which is available on the United States Information Agency's Web site.
10. For links to relevant Web sites, as well as a comprehensive index of related FOREIGN POLICY articles, access www.foreignpolicy.com.