Managing Financial Crises: Recent Experience and Lessons for Latin America

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Managing Financial Crises: Recent Experience and Lessons for Latin America by G. Mr. Kincaid, Charles Mr. Collyns, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: G. Mr. Kincaid, Charles Mr. Collyns ISBN: 9781452780603
Publisher: INTERNATIONAL MONETARY FUND Publication: April 10, 2003
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: G. Mr. Kincaid, Charles Mr. Collyns
ISBN: 9781452780603
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 10, 2003
Imprint: INTERNATIONAL MONETARY FUND
Language: English
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Adjustment in Euro Area Deficit Countries: Progress, Challenges, and Policies by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Understanding Fiscal Space by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book The IMF and the Silent Revolution: Global Finance and Development in the 1980s by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book World Economic Outlook, May 1996: Focus on Fiscal Policy by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Financial Soundness Indicators: Compilation Guide by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book The West African Monetary Union An Analytical Review by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Quasi-Fiscal Operations of Public Financial Institutions by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Lifting the Oil Curse: Improving Petroleum Revenue Management in Sub-Saharan Africa by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Finance & Development, June 1972 by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book The Eastern Caribbean Currency Union: Institutions, Performance, and Policy Issues by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Inequality and Labor Market Institutions by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book The Perimeter of Financial Regulation by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Regional Economic Outlook, October 2012: Sub-Saharan Africa - Maintaining Growth in an Uncertain World by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Finance & Development, June 1995 by G. Mr. Kincaid, Charles Mr. Collyns
Cover of the book Finance & Development, June 1971 by G. Mr. Kincaid, Charles Mr. Collyns
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy