The IMF is the first economic institution in line to protect
countries from the effects of financial crises and to insulate the
world economy from possible systemic risk. However, many argue that
the IMF is insufficiently equipped to do this job, while others
argue almost the opposite: the IMF's well-intentioned actions
induce other countries to take risks which increase their exposure
from both universities and the multilateral agencies, combines
rigourous economic analysis with insider perspectives on key policy
debates. It analyses the Asian and Argentine financial crises of
the late 1990s, issues of policy ownership, the more general quest
for financial stability and governance of the IMF. It is an
essential reference for anyone interested in the role of
international financial institutions in our globalised economy.
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