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IMF and the Crisis

In: Imf And The Asian Financial Crisis

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  • Peter G. Zhang

Abstract

The intention of this chapter is not to chronicle the already well-documented Asian economic crisis nor to set out to examine the causes of the crisis, which would require a book in itself. The purpose here is to highlight its main features and characteristics so as to provide a context in which we view the IMF's response to it. Specifically, this chapter will attempt to capture the sudden loss of confidence in the 'tiger' economies, which became a key problem when the IMF was initially attempting to tackle by raising interest rates and imposing austerity measures…

Suggested Citation

  • Peter G. Zhang, 1998. "IMF and the Crisis," World Scientific Book Chapters, in: Peter G Zhang (ed.), Imf And The Asian Financial Crisis, chapter 9, pages 69-75, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812815880_0009
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    Cited by:

    1. C. Emre Alper & Ziya Onis, 2002. "Emerging Market Crises and the IMF: Rethinking the Role of the IMF in the Light of Turkey's 2000-2001 Financial Crises," Working Papers 2002/03, Bogazici University, Department of Economics.

    More about this item

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G1 - Financial Economics - - General Financial Markets
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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