The IMF and Argentina, 1991-2001 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The IMF and Argentina, 1991-2001 write by Mrs.Isabelle Mateos y Lago. This book was released on 2004-09-30. The IMF and Argentina, 1991-2001 available in PDF, EPUB and Kindle. This report evaluates the role of the IMF in Argentina during 1991-2001, focusing particularly on the period of crisis management from 2000 until early 2002. The primary purpose of the evaluation is to draw lessons for the IMF in its future operational work. The evaluation suggests ten lessons, in the areas of surveillance and program design, crisis management, and the decision-making process, and, on the basis of these lessons, offers six sets of recommendations to improve the effectiveness of IMF policies and procedures.
The IMF and Argentina, 1991-2001
The IMF and Argentina, 1991-2001 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The IMF and Argentina, 1991-2001 write by FMI. Fondo Monetario Internacional. Independent Evaluation Office. This book was released on 2004. The IMF and Argentina, 1991-2001 available in PDF, EPUB and Kindle.
Argentina and the Fund
Argentina and the Fund - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Argentina and the Fund write by Michael Mussa. This book was released on 2002. Argentina and the Fund available in PDF, EPUB and Kindle. The catastrophic crisis of late 2001 and early 2002 marks the tragic end to Argentina's initially successful, decade-long experiment with sound money and market-oriented economic reform. The IMF consistently Supported Argentina's stabilization and reform efforts in the decade leading up to the current crisis and often pointed to many of Argentina's policies as examples for other emerging-market economies to emulate. In this policy analysis, former IMF Chief Economist Michael Mussa addresses the obvious question: What went wrong in Argentina and what important errors did the IMF make in either supporting inappropriate policies or in failing to press for alternatives that might have avoided catastrophe? He emphasizes that the persistent inability of the Argentine authorities at all levels to run a responsible fiscal policy--even when the Argentine economy was performing very well--was the primary avoidable cause of the country's catastrophic financial collapse. The IMF failed to press aggressively for a more responsible fiscal policy. Mussa also addresses the role of the Convertibility Plan, which linked the Argentine peso rigidly at parity with the US dollar and played a central role in both the initial success and ultimate collapse of Argentina's stabilization and reform efforts. While the IMF accepted this plan as a basic policy choice of the Argentine authorities so long as it remained viable, it erred in the summer of 2001 by extending further massive support for unsustainable policies, rather than insisting on a new policy strategy that might have mitigated some of the damage from a crisis that had become unavoidable. Mussa lays out what needs to be done to restore economic andfinancial stability in Argentina and begin the process of recovery, including the proper role of the IMF and the international community. He also examines what the IMF can do to avoid repeating the types of mistakes it made in t
Lessons from the Crisis in Argentina
Lessons from the Crisis in Argentina - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Lessons from the Crisis in Argentina write by Ms.Christina Daseking. This book was released on 2005-02-10. Lessons from the Crisis in Argentina available in PDF, EPUB and Kindle. In 2001- 02, Argentina experienced one of the worst economic crises in its history. A default on government debt, which occurred against the backdrop of a prolonged recession, sent the Argentine currency and economy into a tailspin. Although the economy has since recovered from the worst, the crisis has imposed hardships on the people of Argentina, and the road back to sustained growth and stability is long. The crisis was all the more troubling in light of the fact that Argentina was widely considered a model reformer and was engaged in a succession of IMF-supported programs through much of the 1990s. This Occasional Paper examines the origins of the crisis and its evolution up to early 2002 and draws general policy lessons, both for countries’ efforts to prevent crises and for the IMF’s surveillance and use of its financial resources.
Brazil
Brazil - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Brazil write by International Monetary Fund. This book was released on 1998. Brazil available in PDF, EPUB and Kindle. This paper describes major economic developments in Brazil in 1997. A number of issues were analyzed in the paper, including the slow progress being made in the negotiation of the fiscal adjustment programs with the states, the sustainability of the growing current account deficit, as well as the strength of the banking system following macroeconomic stabilization. The paper discusses the post-Real crisis in the states and the state adjustment programs being negotiated with the federal government. Privatization and the associated foreign direct investment flows are also described.
