This paper contributes to the debate on the efficacy of IMF's catalytic finance in preventing financial crises …. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private … creditors and that several interventions in sequence may be necessary to avert an impending crisis. Absent of the IMF …

the IMF is explored in detail, but the book also documents the tense and often coercive interactions with commercial banks … as well as on the continuing resistance to the IMF-led strategy among G7 governments. How debt contracts were …, including the former heads of the US Federal Reserve and the IMF. Archives from the IMF, the New York Federal Reserve, the Bank …