Lessons from the Asian Financial Crisis: The Role of the IMF and the United States
John W. Head
University of Kansas - School of Law
Kansas Journal of Law & Pubic Policy, Vol. 7, pp. 70-99, 1997-1998
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: K33Accepted Paper Series
Date posted: May 5, 2011
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