IMF to the rescue

Lacayo, Richard; Baumohl, Bernard; Branegan, Jay; Gooi, Kim; Van Voorst, Bruce
December 1997
Time International (South Pacific Edition);12/08/97, Issue 49, p34
Reports that as the financial crisis in East Asia worsens, the International Monetary Fund (IMF) is swooping in with money and advice. Speculation on the ripple-effect of the crisis; Background on the IMF; Where the funds come from; Recipients of IMF funds; Question of whether the IMF bailout will make matters worse. INSET: The myth of the miracle, by Richard Hornik.


Related Articles

  • Those IMF funds.  // Christian Science Monitor;1/30/98, Vol. 90 Issue 45, p24 

    Opinion. Looks at the so-called moral hazard in international economic assistance, or the risk incurred by foreign banks in investments that fail. Why some feel that the International Monetary Fund should allow the parties in the Southeast Asian financial crisis to resolve it between...

  • Fund to help Indochina.  // Presidents & Prime Ministers;May/Jun94, Vol. 3 Issue 3, p29 

    States the Finance Ministry of Thailand will set up an Indochinese development fund to channel financial aid to Laos, Vietnam, Cambodia and Myanmar. The aid Thailand currently gives to the International Monetary Fund will be channelled into this fund.

  • Asian problems and the IMF. Meltzer, Allan H. // CATO Journal;Winter98, Vol. 17 Issue 3, p267 

    Discusses the financial crisis that affected Asia, and the role played by the International Monetary Fund (IMF). Three principals which have been shown to be major reasons for financial failures; How IMF programs contribute to a gap between the social risk and the private risk borne by bankers;...

  • Financial Crises: Causes, Consequences, and Remedies. Adelman, Irma // Choices: The Magazine of Food, Farm & Resource Issues;1999 2nd Quarter, Vol. 14 Issue 2, p1 

    Editorial. Focuses on the financial crises facing the International Monetary Fund's (IMF) member countries. Common features of the financial crises; Factors that contributed to the crises.

  • Failure of the Fund. Stiglitz, Joseph E. // Harvard International Review;Summer2001, Vol. 23 Issue 2, p14 

    Discusses the failure of the International Monetary Fund's (IMF) response to the Asian financial crisis as of June 2001. Philosophy of the IMF; Comments on the irony in the policies pursued by the IMF; Evolution of the IMF; Factors contributing to the policy blunders of IMF.

  • Congress should throw support behind IMF efforts in Asia crisis. LaFalce, John J. // American Banker;3/5/1998, Vol. 163 Issue 43, p4 

    Comments on the debate by Congress as to whether the United States (US) should support the International Monetary Fund's (IMF) effort to aid in Asia's financial crisis. Amount which the administration of American President Bill Clinton requested to borrow; What will be the result if the US and...

  • In Defense of the IMF. Specialized Tools for a Specialized Task. Fischer, Stanley // Foreign Affairs;Jul/Aug1998, Vol. 77 Issue 4, p103 

    Presents a response to an article by Martin Feldstein titled `Refocusing the IMF,' which appeared in the March/April 1998 issue of `Foreign Affairs.'

  • The IMF as crisis manager: an assessment of the strategy in Asia and its criticisms. Cardim de Carvalho, Fernando J. // Journal of Post Keynesian Economics;Winter2000/2001, Vol. 23 Issue 2, p235 

    Presents information on a study which assessed the strategy employed by the International Monetary Fund during the Asian financial crisis from 1997 to 1998. Outline on the financial crisis; Details on the adjustment strategy used; Criticism of the strategy.

  • Democracy makes fiscal sense. Crawford, Craig // National Journal;3/07/98, Vol. 30 Issue 10, p536 

    Discusses the financial crisis facing Asian countries and on the role of the International Monetary Fund (IMF) in helping the countries. Proposal presented by Representative Barney Frank concerning democracy and human rights in countries receiving United States' aids; Actions taken by recipient...


Read the Article

Other Topics