Asian currency and financial crises: lessons from vulnerability, crisis and collapse

Article Abstract:

The financial crisis that struck East Asia in 1997 was precipitated by three factors: vulnerability to currency crisis arising from liberalization of the economy under a pegged-exchange rate regime, negative shocks emanating from devaluation, and fears of sovereign insolvency in the wake of the crisis. The Asian crisis exposed many flaws in the macroeconomic policies of East Asia's once booming countries. It also exposed the inability of financial institutions such as the World Bank and the International Monetary Fund to provide solutions to the countries most affected by the East Asian crisis.

Administration of General Economic Programs, Foreign Exchange & Reserves Policy, Intnl Monetary & BOP Programs, Economic aspects, World Bank, International economic relations, Financial markets, Monetary policy, East Asia, Currency devaluation, Devaluation (Currency)

---

The IMF After the Asian Crisis; Merits and Limitations of the 'Long-term Development Partner' Role

Article Abstract:

The International Monetary Fund has been called upon to revert to focusing on its core competencies, i.e, provide financing only to prevent crises and mitigating them should they occur, thus enabling the private sector a greater role in providing finance to poorer countries. This paper suggests that the IMF should not fully scale back its role but should retain with suitable reforms its broader role.

New Hampshire, International finance

---

Reforming the governance of the International Monetary Fund

Article Abstract:

The details of the study conducted to analyze the policy instruments to democratize the governance of International Monetary Fund (IMF), which can reduce the financial crises, are presented.

Government expenditures, Management dynamics, Economic Programs, Administration of Economic Programs, International Monetary Fund, Analysis, Management, Company business management, Financial crises

Similar abstracts:

• Abstracts: Arab financial systems: lessons from Asia and future challenges. Whither Arab commercial laws: The law of God or of Mammon?
• Abstracts: Jordan's evolving financial sector: ongoing reforms enter 2nd phase. Creating enough private sector jobs for Kuwaitis, and training enough Kuwaitis for the jobs
• Abstracts: How elastic is the demand for labor in Belgian enterprises? Results from firm level accounts data, 1987-1994. Wage divergence and asymmetries in unemployment in a model with biased technical change
• Abstracts: Irrational analyst' expectations as a cause of excess volatility in stock prices. Book Review: Irrational Exuberance by Robert Shiller
• Abstracts: Who invented instrumental variable regression?. Forecasting inflation. Confidence intervals for autoregressive coefficients near one

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.