Lessons from the Asian Financial Crisis: The Role of the IMF and the United States

Head, John

Abstract

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Lessons from the Asian Financial Crisis: The Role of the IMF and the United States

John W. Head

University of Kansas - School of Law

1998

Kansas Journal of Law & Pubic Policy, Vol. 7, pp. 70-99, 1997-1998

Abstract:
My discussion of these issues begins with a brief survey of how the disasters unfolded in Thailand, Indonesia, and Korea and how the IMF and other international financial institutions responded. Then I evaluate (in part III) a central element of the IMF "conditionality" that attached to the bailout funding for each of the three countries - the requirement that dramatic changes can be made in their national financial (banking) systems.

Number of Pages in PDF File: 30

Keywords: International Monetary Fund, IMF, Asia

JEL Classification: K33

Accepted Paper Series

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Date posted: May 5, 2011

Suggested Citation

Head, John W., Lessons from the Asian Financial Crisis: The Role of the IMF and the United States (1998). Kansas Journal of Law & Pubic Policy, Vol. 7, pp. 70-99, 1997-1998. Available at SSRN: http://ssrn.com/abstract=1830428

Contact Information

John W. Head (Contact Author)

University of Kansas - School of Law ( email )

Green Hall
1535 W. 15th Street
Lawrence, KS 66045-7577
United States