Comments: A Mixed Record for IMF Advice
Author: John Williamson
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; IMF's record; exchange rate option; overvalued exchange rates; Capital account liberalization; International trade organizations

Abstract

Since Takatoshi Ito has mentioned that I invented the term “Washington consensus,” let me make it clear that I did not use it in the sense that he does, as a synonym for die-hard advocacy of liberalization. My usage was in reference to the lowest common denominator of policy advice being given by the Washington institutions to Latin American countries as of 1989.

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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