Successes of the International Monetary Fund : Untold Stories of Cooperation at Work

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. The International Monetary Fund (imf) Is The Central Institution Of The International Monetary System And Plays An Important Role In The Economic Life Of Many Countries. Imf Assistance Has Been A Key Factor In The Successful Resolution Of Economic Crises With In Brazil, Korea, Poland, Tanzania, Turkey, And Uruguay, But The Positive Impact Of Imf Schemes Goes Relatively Unnoticed By Many. This Book Is The First To Focus Fully On Imf Successes, Including Its Important Initiatives To Help Prevent Financial Crises In Advanced And In Developing Economies. With First-hand Accounts By Imf Staff And Senior Country Officials, And Written Independently Of The Imf, It Seeks To Balance The Largely Critical Existing Literature. This Book Is Essential Reading For Anyone Seeking A Balanced Understanding Of The Value Of The Imf And The Challenges In Monetary Cooperation Among Countries. Introduction / Eduard Brau And Ian Mcdonald -- The Korean Crisis Ten Years Later : A Success Story / Hubert Neiss, Wanda Tseng, And James Gordon ; Comment By Kihwan Kim -- Poland : Stabilization, Transition, And Reform, 1990-91 / Timothy Lane, Rolando Ossowski, And Massimo Russo ; Comment By Leszek Balcerowicz -- Turkey's Renaissance : From Banking Crisis To Economic Revival / Hugh Bredenkamp, Mats Josefsson, And Carl-johan Lindgren ; Comment By Süreyya Serdengeçti -- Tanzania : Reform And Progress, 1995-2007 / Robert Sharer ; Comment By Gray S. Mgonja -- Brazil : Anchoring Policy Credibility In The Midst Of Financial Crisis / Lorenzo L. Pérez And Philip R. Gerson ; Comment By Arminio Fraga -- Uruguay 2002-3 : Recovery From Economic Contagion / Steven Seelig And Gilbert Terrier ; Comment By Carlos Steneri -- Opening The Economic Books Of Governments And Of The Imf / Thomas Dawson Ii And Charles Enoch ; Comment By Martin Parkinson -- Strengthening Financial Sectors And Preventing Crises / Tomás J. Baliño ; Comment By José Viñals -- The Imf Staff's View Of The World : The World Economic Outlook / Graham Hacche ; Comment By Martin Wolf -- Conclusions / Eduard Brau And Ian Mcdonald. Edited By Eduard Brau And Ian Mcdonald. Includes Bibliographical References And Index. 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. The International Monetary Fund (IMF) is the central institution of the international monetary system and plays an important role in the economic life of many countries. IMF assistance has been a key factor in the successful resolution of economic crises with in Brazil, Korea, Poland, Tanzania, Turkey, and Uruguay, but the positive impact of IMF schemes goes relatively unnoticed by many. This book is the first to focus fully on IMF successes, including its important initiatives to help prevent financial crises in advanced and in developing economies. With first-hand accounts by IMF staff and senior country officials, and written independently of the IMF, it seeks to balance the largely critical existing literature. This book is essential reading for anyone seeking a balanced understanding of the value of the IMF and the challenges in monetary cooperation among countries Introduction / by the editors The Korean crisis ten years later : a success story / by Hubert Neiss, Wanda Tseng, and James Gordon ; comment by Kihwan Kim Poland : stabilization, transition, and reform, 1990-91 / by Timothy Lane, Rolando Ossowski, and Massimo Russo ; comment by Leszek Balcerowicz Turkey's renaissance : from banking crisis to economic revival / by Hugh Bredenkamp, Mats Josefsson, and Carl-Johan Lindgren ; comment by Sureyya Serdengecti Tanzania : reform and progress, 1995-2007 / by Robert Sharer ; comment by Gray Mgonja Brazil : anchoring policy credibility in the midst of financial crisis / by Lorenzo L. Perez and Philip R. Gerson ; comment by Arminio Fraga Uruguay 2002-03 : recovery from economic contagion / by Steven Seelig and Gilbert Terrier ; comment by Carlos Steneri Opening the economic books of governments and of the IMF / Thomas Dawson and Charles Enoch ; comment by Martin Parkinson Preventing the next financial crisis / by Tomas J. Balino ; comment by Jose Vinals The IMF staff's view of the world : the world economic outlook / by Graham Hacche ; comment by Martin Wolf Conclusions / by the editors. Front Matter....Pages i-xiii Introduction....Pages 1-14 Front Matter....Pages 15-15 The Korean Crisis Ten Years Later: A Success Story....Pages 19-42 Poland: Stabilization, Transition, and Reform, 1990–91....Pages 43-63 Turkey’s Renaissance: From Banking Crisis to Economic Revival....Pages 64-84 Tanzania: Reform and Progress, 1995–2007....Pages 85-105 Brazil: Anchoring Policy Credibility in the Midst of Financial Crisis....Pages 106-124 Uruguay 2002–3: Recovery from Economic Contagion....Pages 125-146 Front Matter....Pages 147-147 Opening the Economic Books of Governments and of the IMF....Pages 149-169 Strengthening Financial Sectors and Preventing Crises....Pages 170-190 The IMF Staff’s View of the World: The World Economic Outlook....Pages 191-217 Conclusion....Pages 218-227 Back Matter....Pages 228-246