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Financial Crises and What to Do About Them$
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Barry Eichengreen

Print publication date: 2002

Print ISBN-13: 9780199257430

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199257430.001.0001

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Crisis Management

Crisis Management

(p.51) Chapter 3 Crisis Management
Financial Crises and What to Do About Them

Barry Eichengreen

Oxford University Press

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.

Keywords:   financial crisis management, International Monetary Fund, financial assistance, financial intervention

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