This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stabili...
[PDF.dh65] Managing Financial Crises: Recent Experience and Lessons for Latin America (Occasional Paper (International Monetary Fund)) Rating: 4.57 (666 Votes)
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