| Author: | Mundell, R. |
| Title: | On the history of the Mundell-Fleming model: keynote speech |
| Journal: | IMF Staff papers
2001 : VOL. 47, special issue, p. 215-227 |
| Index terms: | Crisis management Financial analysis Public sector Private sector |
| Language: | eng |
| Abstract: | Efforts at crisis resolution that succeed in reducing potential inefficiencies and instability in the international financial system are in the interest of both the private and the public sectors. This paper focuses on the question how the private sector is likely to adapt to the recent initiatives by the official sector to further involve the private sector in the resolution of crises. The key conclusion is that recent experiences with payment suspensions and bond restructurings are limited as guides to determining the future success or failures of these initiatives. |
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