comments: The Balance Between Adjustment and Financing
Author: Montek Singh Ahluwalia
Language:
English
Keywords:
BOOK; crisis; financing; exchange rate; market; financial system; IMF policy advice; IMF Policy recommendation; IMF reform; emerging market crisis; emerging market country; Exchange rates; Emerging and frontier financial markets; Capital flows; Currencies; Global; Asia and Pacific; East Asia; Europe; Southeast Asia; financing gap; emergency financing procedure; IMF staff study; financing needs; financing problem; Exchange rate flexibility; Capital outflows; Capital controls; Conventional peg

Abstract

My comments are presented in two parts. Part I focuses specifically on the paper by Professors Calvo and Reinhart that addresses the important issue of what policy regimes are most likely to avoid sudden-stop crises of the type experienced by emerging market countries in recent years. Part II discusses some aspects of the balance between adjustment and financing, which is the announced theme of this session.

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Cover Reforming the International Monetary and Financial System
Reforming the International Monetary and Financial System
Editor: Mr. Alexander K. Swoboda and Mr. Peter B. Kenen
ISBN:
9781557758354
Publication Date:
18 Dec 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758354.071
Pages:
448