Description

This report evaluates the role of the IMF in three capital account crises, in Indonesia (1997-98), Korea (1997-98), and Brazil (1998-99), and the lessons to be drawn from the experience. It also recommends steps aimed at making the IMF’s surveillance and program design more effective in the prevention and management of future capital account crises. Annexes contain the three country case studies that form the basis for the judgments for the report.

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Taxonomy

Balance of payments , Capital account , Financial crisis , International financial system

More publications in this series: Independent Evaluation Office Reports

More publications by: Kevin Barnes ; Ali M. Mansoor ; Benjamin H. Cohen ; Shinji Takagi