This chapter discusses the disagreement and confusion in the management of financial crises. The dispute centres on the role of the International Monetary Fund (IMF) in crisis management. While some argue that the IMF should provide more financial assistance and intervene regularly, others believe that it should do less. Given the lack of agreement on the basics, it is not surprising that very steps have been taken to improve crisis management. This chapter evaluates several proposals that may potentially improve the ability of the IMF in dealing with international financial crises.
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