The IMF's imprudent role as lender of last resort

Calomiris, Charles W.
January 1998
CATO Journal;Winter98, Vol. 17 Issue 3, p275
Academic Journal
Argues that if the United States Treasury and the International Monetary Fund (IMF) prevail in their attempt to promote a doctrine of global financial bailout, the efficiency of global capital markets will suffer and the incidences of financial crises will increase. References to the financial failures of Mexico and Asia; Criticism of IMF assistance of the Treasury's Exchange Stabilization Fund to bail out emerging markets.


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