Description
This book provides a definitive account of the recent history of the International Monetary Fund, and the successes it has enjoyed since it was founded. With fascinating contributions by current and former IMF staff members, this book offers a unique insight into the workings of the organization and explores how it has benefited many. EDUARD BRAU was the Director of the Finance Department of the International Monetary Fund from 1999-2004, when he retired. He previously worked in senior positions in the IMF dealing with the countries of the former Soviet Union, with debt and financing issues in Latin America, and with country programs in Africa. He holds a PhD in Economics from Duke University, USA. IAN MCDONALD was the Chief Editor in the External Relations Department at the International Monetary Fund up until his retirement in 2001. Before joining the IMF he was Washington Correspondent for The Times of London and an Editorial Writer for The Glasgow Herald. He holds mastersb degrees from Oxford University and The George Washington University, Washington DC. Preface Introduction; E.Brau & I.McDonald PART I: IMF FINANCIAL HELP TO ECONOMIES IN CRISIS: HOW THE IMF HELPS ITS MEMBERS The Korean Crisis Ten Years Later: A Success Story; H.Neiss, W.Tseng & J.Gordon Comment; K.Kim Poland: Stabilization, Transition, and Reform, 1990-91; T.Lane, R.Ossowski & M.Russo Comment; L.Balcerowicz Turkey’s Renaissance: From Banking Crisis to Economic Revival; H.Bredenkamp, M.Josefsson & C.J.Lindgren Comment; S.Serdengeti Tanzania: Reform and Progress, 1995-2007; R.Sharer Comment; G.Mgonja Brazil: Anchoring Policy Credibility in the Midst of Financial Crisis; L.L.Prez & P.R.Gerson Comment; A.Fraga Uruguay 2002-03: Recovery from Economic Contagion; S.Seelig & G.Terrier Comment; C.Steneri PART II: PREVENTING FINANCIAL CRISES AND PROMOTING MONETARY COOPERATION Opening the Economic Books of Governments and of the IMF; T.Dawson & C.Enoch Comment; M.Parkinson Preventing the Next Financial Crisis; T.J.Balio Comment; J.Vials The IMF Staff’s View of the World: The World Economic Outlook; G.Hacche Comment; M.Wolf Conclusions; E.Brau & I.McDonald Annex: How the IMF Operates
