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IMF Support and Crisis Prevention [electronic resource] Ghosh, Atish R..

Author/Creator:
Ghosh, Atish R.
Publication:
Washington, D.C. : International Monetary Fund, 2008.
Series:
IMF eLibrary
Occasional Papers; Occasional Paper No. 262.
Occasional Papers; Occasional Paper No. 262
Format/Description:
Government document
Book
1 online resource (33 p.)
Local subjects:
Balance of payments.
Balance of payments adjustment.
Balance of payments assistance.
Balance of payments crisis.
Balance of payments difficulties.
Balance of payments need.
Bank deposits.
Banking.
Banking crisis.
Banking sector.
Banking system.
Banking system assets.
Bond issuance.
Call options.
Capital account.
Capital account crises.
Capital account crisis.
Capital flows.
Capital inflows.
Capital markets.
Capital outflows.
Capital structure.
Central bank.
Credit tranche.
Crisis countries.
Crisis prevention.
Currency board.
Currency crisis.
Currency debt.
Currency mismatch.
Currency mismatches.
Currency risk.
Current account.
Current account adjustment.
Current account balance.
Current account balances.
Current account deficit.
Current account deficits.
Current account surpluses.
Debt dynamics.
Debt problem.
Debt ratio.
Debt sustainability.
Debt-equity.
Deposit insurance.
Derivative markets.
Emerging markets.
Export revenues.
External debt.
External debt sustainability.
External financing.
External liabilities.
Foreign currency debt.
Foreign exchange.
Foreign exchange exposure.
Foreign exchange reserves.
Fund role.
General resources account.
Global capital markets.
Government securities.
Hedging.
Indexation.
Inflation rate.
International capital.
International capital flows.
International capital markets.
Liquidity crisis.
Loss of confidence.
Moral hazard.
Multilateral surveillance.
Net capital.
Net capital flows.
Net capital outflows.
Private capital.
Private capital flows.
Private capital inflows.
Private capital markets.
Private finance.
Private financing.
Private flows.
Private inflows.
Public debt.
Public sector debt.
Real effective exchange rate.
Short-term debt.
Sovereign bond.
Sovereign debt.
Argentina.
Turkey.
Summary:
This paper examines the various roles of IMF financing in crisis prevention. Emerging market economies that experienced financial crises in the past have been subject to enormous economic and social costs, highlighting the importance of crisis prevention. While the main defense against a crisis lies in a country’s own policies and institutional framework, the IMF can contribute to these efforts through its surveillance activities, provision of technical assistance, and promotion of standards and codes. But the IMF may be able to contribute to crisis prevention more directly by providing contingent financial support. This paper explores the theoretical basis of, and empirical evidence for, possible “crisis prevention programs.”
Notes:
Description based on print version record.
Contributor:
Ghosh, Atish R.
Joshi, Bikas.
Kim, Jun Il.
Ramakrishnan, Uma.
Thomas, Alun H.
Zalduendo, Juan.
Other format:
Print Version:
ISBN:
1589067096:
9781589067097
ISSN:
0251-6365
Publisher Number:
10.5089/9781589067097.084
Access Restriction:
Restricted for use by site license.
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