IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/2001-012.html
   My bibliography  Save this paper

Different Strokes? Common and Uncommon Responses to Financial Crises

Author

Listed:
  • Mr. James M. Boughton

Abstract

Much of the debate about the management of financial crises has focused on structural and psychological issues regarding the conditions that are supposed to be necessary to restore investor confidence. Nonetheless, the paramount requirement in the short term is for countries in crisis to adopt correct macroeconomic policies. An analysis of conventional macroeconomic models reveals that countries can afford to run expansionary policies to restore internal balance only if they can afford to ignore the requirements for external balance. This arithmetic does not depend on whether macroeconomic policies were inappropriate before the crisis hit.

Suggested Citation

  • Mr. James M. Boughton, 2001. "Different Strokes? Common and Uncommon Responses to Financial Crises," IMF Working Papers 2001/012, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2001/012
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3971
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mr. James M. Boughton, 2003. "Who's in Charge? Ownership and Conditionality in IMF-Supported Programs," IMF Working Papers 2003/191, International Monetary Fund.
    2. Ms. Pritha Mitra, 2006. "Post-Crisis Recovery: When Does Increased Fiscal Discipline Work?," IMF Working Papers 2006/219, International Monetary Fund.
    3. Stephen Grenville, 2017. "The Asian crisis: what did we learn and when did we learn it?," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 31(2), pages 30-44, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2001/012. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.