Independent Evaluation Office Reports

The IMF and Recent Capital Account Crises: Indonesia, Korea, Brazil

Author/Editor:

Kevin Barnes ; Ali M. Mansoor ; Benjamin H Cohen ; Shinji Takagi

Publication Date:

September 3, 2003

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This report evaluates the role of the IMF in three capital account crises, in Indonesia (1997-98), Korea (1997-98), and Brazil (1998-99), and the lessons to be drawn from the experience. It also recommends steps aimed at making the IMF’s surveillance and program design more effective in the prevention and management of future capital account crises. Annexes contain the three country case studies that form the basis for the judgments for the report.

Series:

Independent Evaluation Office Reports

Subject:

Balance of payments Bank resolution Banking Capital account crisis Exchange rates External debt Financial crises Fiscal policy Foreign exchange Public debt