IMF seems to be dispensing bad medicine by extending foreign-exchange loans to Asia in crisis

Article Abstract:

The International Monetary Fund's (IMF) policy towards managing the Asian currency crisis is wrong since Asia already has a tight fiscal policy and financial problems arose from overinvestment rather than overconsumption. The IMF should let Asia ease its fiscal policy, allow foreign liabilities to be bundled in US dollar securities for better liquidation and impose losses on international creditors if it is to help Asia regain its balance in international finance.

Administration of General Economic Programs, International Affairs, Finance, taxation, & monetary policy, Intnl Monetary Fund, Currency Stabilization Programs, Analysis, Management, International Monetary Fund, Column, Asia, International economic relations, Currency devaluation, International finance, Devaluation (Currency), Currency stabilization

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Hedge funds gain appeal: battered markets spur search for alternatives

Article Abstract:

The currency turmoil in Asia has left investors looking for alternative investments and hedge funds would surely fit in. Only two Asian funds posted gains in 1997 and both were hedge funds according to Standard and Poor's Micropal Asia Ltd. Micropal also claims that Asian funds retreated an average of 37% in 1997 while hedge funds retreated only slightly. Hedge funds have higher risks but the rewards are higher for investors.

Investment Banking and Securities Dealing, Security and Commodity Services, Securities Services, Evaluation, Reports, Investments, Securities industry, Market share, Hedge funds, Asians, Standard and Poor's Micropal Asia Ltd.

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