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Author:
Mr. Atish R. Ghosh
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Mr. Juan Zalduendo https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Alun H. Thomas
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Mr. Jun I Kim
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Ms. Uma Ramakrishnan
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Mr. Bikas Joshi
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Language:
English
Print Publication Date:
16 May 2008
Keywords:
OP; crisis; IMF support; financing; IMF financing variable; market; crisis probability

Abstract

The enormous economic and social costs of the financial crises that struck various emerging market countries at the turn of the last century underscore the importance of crisis prevention. The first line of defense is the country’s own policies, regulatory and supervisory framework, and institutions. The IMF can assist these efforts through its surveillance activities, provision of technical assistance, and promotion of standards and codes. But the IMF may also contribute to crisis prevention more directly by providing financial support—either disbursed or made available contingently. While IMF-supported programs are generally associated with crisis resolution, recent analytical work suggests that such programs may also be useful for crisis prevention. Drawing on this work, this occasional paper examines possible roles of IMF-supported programs in crisis prevention.

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Cover IMF Support and Crisis Prevention
IMF Support and Crisis Prevention
ISBN:
9781589067097
ISSN:
0251-6365
Publication Date:
16 May 2008
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589067097.084
Pages:
33

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