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The story of post-9/11 international finance, told from an unmatched vantage point.Sworn in as head of the U.S. Treasury Department's international finance division just three months prior to 9/11, John B. Taylor soon found himself at the center of the war on terror. Global Financial Warriors takes you inside the White House situation room, to meetings of the G7 finance ministers, and to cities around the world as Taylor assembles a coalition to freeze terrorist assets worldwide, plans the financial reconstruction of Afghanistan, oversees the development of a new currency in Iraq, and deals with the spread of financial crises. From reforming the IMF and the World Bank to negotiating international agreements to reduce Iraq's debt by 80 percent and cancel the debt of very poor countries, Taylor's unparalleled access offers the reader not only an insider's account of a pivotal time in international finance but also an invaluable primer on the policy development and operational strategies that helped Taylor and his team succeed. 16 pages of illustrations
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John B. Taylor is the Raymond Professor of Economics at Stanford University and the George Shultz Senior Fellow at Stanford’s Hoover Institution. He was Treasury Under Secretary for International Affairs from 2001 to 2005.From Publishers Weekly:
Exactly one month after the terrorist attacks of 9/11, President Bush declared that "the first shot in the war was when we started cutting off their money, because an al-Qaeda organization can't function without money." In this data-heavy memoir, former Treasury Under Secretary for International Affairs Taylor, currently an economics professor at Stanford, describes in exceptional detail that first salvo and the campaign it ignited: how the world economy was transformed in 9/11's aftermath and how his team became, quite literally, soldiers of fortune. Taylor brings readers face to face with a President making his hardest decisions and behind the scenes at many important G7 (later G8) meetings. Documenting every word and action, Taylor chronicles the financial reconstruction of both Afghanistan and Iraq-including the development of new currency, reformations at the IMF and the daunting work getting countries to forgive Iraqi debt-in too much detail, making this a longer than necessary read. Though the data and decisions he documents constitute irrefutably world-changing history, readers may find many of Taylor's section headings sufficiently informative ("Struggling to Move a Large, Disparate Group," "Getting the President's Approval for Stage One") to skip the thousand-plus words that follow.
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