This Occasional Paper examines the various roles of IMF financing in crisis prevention. Emerging economies experiencing financial crises have been subject to enormous economic and social costs, highlighting the importance of crisis prevention. While the main defense against a crisis lies in a country's own policies and institutional framework, the IMF can contribute to these efforts through surveillance, technical assistance, and the promotion of standards and codes. But the IMF may be able to prevent crises more directly by providing contingent financial support. This paper explores the theoretical basis of, and empirical evidence for, possible crisis prevention programs.
- ISBN13 9781589067097
- Publish Date 28 February 2009
- Publish Status Active
- Publish Country US
- Imprint International Monetary Fund (IMF)
- Format Paperback
- Pages 33
- Language English