The International Monetary Fund (IMF) is the central institution of the international monetary system andplays an important role in the economic life of many countries. IMF assistance has been a key factor in the successful resolution of economic crises within Brazil, Korea, Poland, Tanzania, Turkey, and Uruguay, but the positive impact of IMF schemes goes relatively unnoticed by many.
This book is the first to focus fully on IMF successes, including its important initiatives to help prevent financial crises in advanced and in developing economies. With first-hand accounts by IMF staff and senior country officials, and written independently of the IMF, it seeks to balance the largely critical existing literature. This book is essential reading for anyone seeking a balanced understanding of the value of the IMF and the challenges in monetary cooperation among countries.

This book provides a definitive account of the recent history of the International Monetary Fund, and the successes it has enjoyed since it was founded. With fascinating contributions by current and former IMF staff members, this book offers a unique insight into the workings of the organization and explores how it has benefited many.