Synopses & Reviews
This book provides a definitive account of the recent history of the International Monetary Fund, and the successes it has enjoyed since it was founded. With fascinating contributions by current and former IMF staff members, this book offers a unique insight into the workings of the organization and explores how it has benefited many.
Synopsis
The International Monetary Fund (IMF) is the central institution of the international monetary system and plays an important role in the economic life of many countries. IMF assistance has been a key factor in the successful resolution of economic crises with in Brazil, Korea, Poland, Tanzania, Turkey, and Uruguay, but the positive impact of IMF schemes goes relatively unnoticed by many.
This book is the first to focus fully on IMF successes, including its important initiatives to help prevent financial crises in advanced and in developing economies. With first-hand accounts by IMF staff and senior country officials, and written independently of the IMF, it seeks to balance the largely critical existing literature. This book is essential reading for anyone seeking a balanced understanding of the value of the IMF and the challenges in monetary cooperation among countries.
Synopsis
The first book dedicated to a discussion of the important successes of the International Monetary Fund, written from first-hand knowledge and experience by staff and senior country officials
About the Author
EDUARD BRAU was the Director of the Finance Department of the International Monetary Fund from 1999-2004, when he retired. He previously worked in senior positions in the IMF dealing with the countries of the former Soviet Union, with debt and financing issues in Latin America, and with country programs in Africa. He holds a PhD in Economics from Duke University, USA.
IAN MCDONALD was the Chief Editor in the External Relations Department at the International Monetary Fund up until his retirement in 2001. Before joining the IMF he was Washington Correspondent for The Times of London and an Editorial Writer for The Glasgow Herald. He holds masters degrees from Oxford University and The George Washington University, Washington DC.
Table of Contents
Preface * Introduction;
E.Brau&--
I.McDonald * PART I: IMF FINANCIAL HELP TO ECONOMIES IN CRISIS: HOW THE IMF HELPS ITS MEMBERS * The Korean Crisis Ten Years Later: A Success Story;
H.Neiss, W.Tseng&
J.Gordon * Comment;
K.Kim * Poland: Stabilization, Transition, and Reform, 199091;
T.Lane, R.Ossowski&
M.Russo * Comment;
L.Balcerowicz * Turkeys Renaissance: From Banking Crisis to Economic * Revival;
H.Bredenkamp, M.Josefsson&
C.-J.Lindgren * Comment--
S.Serdengeti * Tanzania: Reform and Progress, 19952007;
R.Sharer * Comment--
G.Mgonja * Brazil: Anchoring Policy Credibility in the Midst of Financial Crisis;
L.L.Prez&
P.R.Gerson * Comment--
A.Fraga * Uruguay 200203: Recovery from Economic Contagion;
S.Seelig&
G.Terrier * Comment;
C.Steneri * PART II: PREVENTING FINANCIAL CRISES AND PROMOTING MONETARY COOPERATION
* Opening the Economic Books of Governments and of the IMF; T.Dawson& C.Enoch * Comment; M.Parkinson * Preventing the Next Financial Crisis; T.J.Balio * Comment; J.Vials *
The IMF Staffs View of the World: The World Economic Outlook; G.Hacche * Comment; M.Wolf
* Conclusions; E.Brau&--I.McDonald * Annex: How the IMF Operates