scholarly journals THE ROLE OF INTERNATIONAL MONETARY FUND (IMF) IN ECONOMIC RECOVERY DURING ECONOMIC CRISIS OF INDONESIA

2021 ◽  
Vol 1 (1) ◽  
pp. 13-32
Author(s):  
Lena Farsia
Keyword(s):  
Economic Development ◽  
Financial Crisis ◽  
International Monetary Fund ◽  
Actual Process ◽  
Primary Role ◽  
Chronological Order ◽  
The International Monetary Fund ◽  
The Imf

The International Monetary Fund (IMF) has a primary role in providing financial support to countries facing financial crises, such as the 1998 world financial crisis. The situation has brought an enormous impact on developing countries, particularly Indonesia. This paper explores the role of The IMF and maps out the problems related to the financial crisis and its impact on Indonesian political reforms. It will be done by compiling the milestones in chronological order from 1997 until 2017. It also aims to examine the lending policies of the International Monetary Fund, which brings a country like Indonesia becomes addicted and difficult to survive or improve in its economic development. There will be an understanding of how the actual process happens. It can be used as an instrument to assess whether the existence and role of the IMF in Indonesia have a better or harmful impact on the long-term economic development of Indonesia.   Keywords: The International Monetary Fund (IMF), Economic Development, Financial Crisis

International monetary fund after the financial crises of the 1990s

2001 ◽  
Vol 10 (1) ◽  
Author(s):  
Jiří Jonáš
Keyword(s):  
Financial Crisis ◽  
International Monetary Fund ◽  
Financial Crises ◽  
International Monetary System ◽  
Proper Role ◽  
Monetary System ◽  
Policy Strategies ◽  
The International Monetary Fund ◽  
The Imf

In this article, I would first discuss briefly what we know about the causes of the recent financial crises, and whether the International Monetary Fund (IMF) could have done more to prevent them. I will explain what policy strategies the IMF recommended to resolve these crises, why it recommended these policies, and to what extent is the criticism of these recommendations justified. In the second part, I will discuss the lessons which the IMF has drawn from these crises. I will explain how the experience of recent years has changed the thinking about the proper role of the IMF in supporting stable international monetary system. I will focus on two broad areas of changes in the activity of the IMF. First, on measures that are being taken to make the repetition of financial crises less likely; second, on measures to be applied if the prevention fails and if a financial crisis strikes again.

scholarly journals The global financial crisis and its effects on the international monetary funds

2022 ◽  
Vol 42 (1) ◽  
pp. 5-24
Author(s):  
Cosimo Magazzino ◽  
Marco Mele
Keyword(s):  
Financial Crisis ◽  
International Monetary Fund ◽  
Global Financial Crisis ◽  
Economic Policies ◽  
A Posteriori ◽  
Ex Ante ◽  
The Global Financial Crisis ◽  
The International Monetary Fund ◽  
Economic And Financial Crisis ◽  
The Imf

ABSTRACT This paper aims to analyze the innovations introduced in the functions of the International Monetary Fund in the context of the 2008 economic and financial crisis. This promoted an action that aimed to strengthen the surveillance function through the adoption of the Integrated Surveillance. Thus, alongside the traditional conditionality based on an a posteriori implementation of adequate economic policies, a criterion of ex ante conditionality in the precautionary branches was also introduced or based on the economic characteristics of the country to be financed. Concerning traditional conditionality, it will be asked whether the IMF has adopted a less extensive approach than its role.

scholarly journals Budget expenditures: less or more?

2020 ◽  
Vol 20 (1) ◽  
pp. 176-182
Author(s):  
T. D. Zalevskaia
Keyword(s):  
Economic Development ◽  
International Monetary Fund ◽  
The State ◽  
International Expert ◽  
Economic Role ◽  
Role Of The State ◽  
Near Future ◽  
The International Monetary Fund ◽  
Geographical Context

This article is a review of the book by V. Tanzi Pravitelstvo i rynki: menjajushchajasja rol gosudarstva [Government versus Markets: The Changing Economic Role of the State] (Moscow: Gaidar Institute Press, 2018. 584 p.). This is a book by a leading international expert on tax policy and its impact on the economic development, a former Head of the Office of Budget Affairs of the International Monetary Fund. Tanzi considers the economic role of the state in the 20-21 centuries in the historical and geographical context, and notes what the state should do or try to do in the economic sphere including in the near future. The review emphasizes that the book can be considered a kind of a guide on the analytical division of the market and the state, and also on the development of a strategy for overcoming budget crises of our time.

scholarly journals Instruments for Supporting Members of the Eurozone in Overcoming the Financial Crisis Utilised by The International Monetary Fund Using the Example of Greece

2020 ◽  
Vol 7 (2) ◽  
pp. 123-146
Author(s):  
Agnieszka Wicha
Keyword(s):  
Financial Crisis ◽  
Central Bank ◽  
International Monetary Fund ◽  
Euro Area ◽  
European Central Bank ◽  
Efficient Operation ◽  
European Central ◽  
The International Monetary Fund ◽  
Of Greece ◽  
The Imf

The purpose of this article is to present the instruments and resources used by the International Monetary Fund to support the euro area countries in overcoming the financial crisis on the example of Greece. The article points out types of loan instruments and other measures taken by the IMF to support Greece. The author also indicates the reforms that had to be made at the IMF for a better and more efficient operation of this institution against the challenges of the global crisis. In addition, the specificity of cooperation between the IMF, the European Commission and the European Central Bank is analyzed.

scholarly journals Has the IMF Outlived Its Usefulness or Gone Past Its ‘Use-by’ Date?

2018 ◽  
Vol 04 (S1) ◽  
pp. 30
Author(s):  
Imad A. Moosa ◽  
Keyword(s):  
Developing Countries ◽  
Financial Crisis ◽  
International Monetary Fund ◽  
Asian Financial Crisis ◽  
The International Monetary Fund ◽  
The Imf

Since the advent of the Asian financial crisis of the late 1990s, a debate has ensued on whether the International Monetary Fund (IMF) should be reformed, abolished, or left as is because it is performing a good and useful job. In this paper, it is argued that the IMF should be abolished because its work, particularly in developing countries, has been useless at best and harmful at worst. Several reasons, as well as examples of how IMF operations have been detrimental to the welfare of people living in countries that the IMF is supposed to help, are presented to support this proposition.

Proposal for an IMF Debt Refinancing Subsidiary

2018 ◽  
Keyword(s):  
Developing Country ◽  
Essential Elements ◽  
Acceptable Solution ◽  
Debt Problem ◽  
The Imf

In the chapter, Haq analyses the deepening developing country debt problem of the 1980s and outlines the essential elements for an acceptable solution to the problem. To Haq, IMF seemed to be the most appropriate international intermediary to manage this. Haq goes on to outline the specifics of how the role of the IMF could be modified to find long-term solutions for managing developing-country debt.

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