Bakker, Age F. P.; Schrijvers, Martijn A. - In: Banca Nazionale del Lavoro Quarterly Review 53 (2000) 214, pp. 245-265
The IMF provides loans to countries in financial distress at a relatively low interest rate. In this article we calculate how much the seven largest debtors to the IMF have saved on interest payments during the Asian crisis and its aftermath. We explain how the IMF can charge these low interest...