Applying the Lessons of Asia: The IMF’s Crisis Management Strategy in 2008

Shinji Takagi

Working Papers from eSocialSciences

Abstract: The paper examines the recent European crisis management programs of the International Monetary Fund (IMF) to see how the lessons of Asia were applied. Compared to the Asian programs of 1997, the European programs of 2008 were better funded and their structural conditionality more focused. Other than these, the overall thrust of the programs was similar: fiscal and monetary tightening, coupled with banking reforms. [ADBI Working Paper 206]

Keywords: European crisis; International Monetary Fund; Asian; structural; fiscal; monetary (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-cba, nep-mon and nep-sea
Note: Institutional Papers
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