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This paper reviews the design of and experience with IMF-supported programs formulated in response to capital account crises in the 1990s, focusing on the experiences of eight countries: Turkey (1994), Mexico (1995), Argentina (1995), Thailand (1997), Indonesia (1997), Korea (1997), the...
Persistent link: https://www.econbiz.de/10014404726
This paper examines the consequences of heightened capital mobility and of the integration of developing economies in increasingly globalized markets for the exchange rate regimes of the industrial, developing, and transition economies. It builds upon previous studies by IMF staff on various...
Persistent link: https://www.econbiz.de/10014404968
The macroeconomic effects of scaling up aid -- Managing the real exchange rate -- Using monetary policy for sterilization and inflation management -- Mobilizing adequate domestic revenues -- Projecting the impact of increased aid on economic growth -- Meeting other fiscal challenges --...
Persistent link: https://www.econbiz.de/10003390116
Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulnerability indicators help to predict crises? Can fiscal variables explain the...
Persistent link: https://www.econbiz.de/10014405564
Preface : Redefining Development / Muhammad Yunus -- Introduction / Kevin Danaher -- World Bank/IMF : 50 years is … -- IMF/World Bank wreak havoc on Third World / Davison Budhoo -- The free trade connection / John Gershman -- The debt … to Third World debt? / Doug Henwood -- Brazil : drowning in debt / Marcos Arruda, interviewed by Multinational Monitor …
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