Comments: Can the Right Balance Be Achieved?
Author: Mr. Jeffrey A. Frankel1
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
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-adjustment framework; financing-versus-adjustment framework; balance of payments equilibrium; crisis finance; adjustment target; Capital inflows; Private capital flows; Trade balance; Capital account

Abstract

My remarks fall into four parts: the general framework of financing versus adjustment as we have hitherto understood it; what instruments are to be employed to attain the adjustment targets; the actual pattern of adjustment that we have seen in recent crises; and whether and how the “financing-versus-adjustment” framework can still be viewed as relevant today after what we have learned.

Within Same Series

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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