An Appraisal of IMF Policies to the AFC

Kirrane, Chris (2017): An Appraisal of IMF Policies to the AFC.

Abstract

The IMF Fund is now centred on crisis prevention and supervision}, particularly in developing as well as transition countries. While confirming that the IMF as a focal point of the international financial system, the Asian crisis tends to illustrate the limits, or excesses, associated with its action. A redefinition of its role along with its mandate seems necessary.

• Item Type: MPRA Paper
• Language: English
• Keywords: Financial crisis, IMF
• Subjects: F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions

References

Adda, Jacques (1996), The globalization of the economy, Discovery, "Landmarks", Paris.

Bergsten, Fred (1997), "The Asian currency crisis: how to fix it?", Foreign Policy, No. 4, Winter.

Camdessus, Michel (1997), "The Asian Crisis and the International Response", speech to the Institute of Advanced Business Studies (IESE) of the University of Navarra, 28 November.

Camdessus, Michel (1995), "The Mexican Financial Crisis, Its Origins, the IMF Response and Lessons Learned", Financial Economics Review, Vol. 33, Summer.

Feldstein, Martin (1998), "Refocusing the MFI," Foreign Affairs, March-April.

Fischer, Stanley (1997), "Liberalization of Capital Movements and the Role of the IMF," IMF Bulletin, Vol. 26, No. 19, 27 October.

Johnson, Bryan and John Sweeney (1997), "Down the Drain: Why the MFI Bailout is Wasteful and Will not Work," Heritage Foundation Backgrounder, No. 1150, December 5.

Kirrane, Chris. (1995), "The Bretton Woods Experience and ERM", European Economic Integration Review, Vol. 13, p.23-34.

Kirrane, Chris. (2003), "The IMS and the Euro", European Political Economy Review No. 1 (March 2003), pp. 153-65

Minton-Beddoes, Zanny (1995), "Why the IMF Needs Reform," Foreign Affairs, vol. 74, No. 3, May-June.

Padoa-Schioppa, Tommaso and Fabrizio Saccomanni (1994), "Managing a Market-Led Global Financial System", in Peter B. Kenen, (ed.), Managing the World Economy - Fifty Years after Bretton Woods, Institute for International Economics , Washington, DC.

Sachs, Jeffrey (1997a), "IMF Orthodoxy Is Not What Southeast Asia Needs," Herald Tribune, November 4.

Sachs, Jeffrey (1997b), "Power unto itself," Financial Times, December 11.

Sgard, Jérôme (1997), "Financial Crises: the danger of an IMF at open windows", Le Monde, December 2.

Shields, Jon (1997), "The evolving role of the IMF in the light of the 1994/95 Mexican crisis," Bank of England Quarterly Bulletin, Vol. 37, No. 3, August.

Stiglitz, Joseph (1998), "The Role of International Financial Institutions in the Current Global Economy," Address to the Chicago Council on Foreign Relations, Chicago, February 27.