The IMF and Recent Capital Account Crises: Indonesia, Korea, Brazil
September 3, 2003
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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.
Subject: Balance of payments, Bank resolution, Banking, Capital account crisis, Exchange rates, External debt, Financial crises, Fiscal policy, Foreign exchange, Public debt
Keywords: Asia and Pacific, Bank resolution, Board discussion, Capital account crisis, crisis, East Asia, Exchange rates, fund, fund staff, Global, IEO, IEOR, IMF experience, IMF support, IMF surveillance, IMF-World Bank, IMF's role, policy discussion, South Asia, Southeast Asia
Pages:
173
Volume:
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DOI:
Issue:
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Series:
Independent Evaluation Office Reports
Stock No:
IRCAEA
ISBN:
9781589061880
ISSN:
2617-670X
