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IMF-Supported Programs in Capital Account Crises: Design and Experience (Occasional Paper)

Ales Bulir, Marianne Schulze-Gattas, Atish R. Ghosh




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 | #4422988 in eBooks |  2002-02-06 |  2002-02-06 | File type: PDF

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This paper reviews the design of and experience with IMF-supported programs formulated in response to capital account crises in the 1990s, focusing on the experiences of eight countries: Turkey (1994), Argentina (1995), Mexico (1995), Indonesia (1997), Korea (1997), the Philippines (1997), Thailand (1997), and Brazil (1998). The capital account crises that occurred in the mid- and late-1990s posed particular challenges for the provision of financing and for the design o...

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