Conclusion

Eduard Brau and Ian McDonald

Chapter 11 in Successes of the International Monetary Fund, 2009, pp 218-227 from Palgrave Macmillan

Abstract: Abstract In late 2007 and early 2008, IMF credit outstanding was at its lowest level in decades, reflecting an absence of major balance of payments crises in member countries in recent years. But if history is any guide, some countries will experience financial crises in the future, and the lessons from the successful crisis recovery programs described here may well be useful to them. Even more valuable are the lessons on the domestic and international policies and initiatives needed to prevent crises in the first place. Indeed, it is partly because countries have heeded these lessons, to some extent at the urging of the IMF, that balance of payments crises have been avoided in recent years.

Keywords: Member Country; World Economic Outlook; Raise Living Standard; Payment Crisis; Special Data Dissemination Standard (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23949-4_11

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DOI: 10.1057/9780230239494_11

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