Hidden Bibliographic Details
| Other authors / contributors: | Collyns, Charles.
Kincaid, G. Russell.
International Monetary Fund.
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| ISBN: | 1451989288
9781451989281
1462369367
9781462369362
1452780609
9781452780603
1589062086
9781589062085
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| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2017.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2017 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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.
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| Other form: | Print version: Managing financial crises. Washington, D.C. : International Monetary Fund, 2003
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