|
|
 |
|
Viewing report
|
|
|
|
Managing Financial Crises: Recent Experience and Lessons for Latin America
International Monetary Fund (IMF), April 2003, Pages: 128
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.
Customers who bought this item also bought
The Global Financial Crisis
Sovereign Debt: From Safety to Default
Global Meltdown: Regional Impacts
Crisis Information Management: Communication and Technologies
Financial Risk Management: Models, History, and Institutions
Risk Sharing in Finance: The Islamic Finance Alternative
European Sovereign Debt Crisis and its Impact on MENA Economies
The Lessons Learned Handbook: Practical Approaches to Learning from Experience
Economic Policy Reforms 2012: Going for Growth
THE TRUTH ABOUT THE 2008-2009 CRISIS. Edition No. 1
|
|
|
|
