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| Author: | Mosley, P. |
| Title: | The IMF After the Asian Crisis: Merits and Limitations of the 'Long-term Development Partner' Role |
| Journal: | World Economy
2001 : MAY, VOL. 24:5, p. 597-630 |
| Index terms: | IMF ASIA DEVELOPMENT DEVELOPING COUNTRIES ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | This paper considers the debate concerns whether the IMF should retain, improve or abandon a set of additional policy instruments and responsibilities, which it has taken on over the last twenty years. The author reviews both sides of the debate, and conclude that the available evidence does not allow the case for the alternative IMF role to that proposed by Summers - that of 'long-term development partner' - to be rejected. In this paper the cases against this role are summarised. In summary the author presents new proposals, some of them indeed requests for new data but some of them also designed to refocus the debate on a possible 'middle way' which retains those aspects of the IMF's expanded role which are still necessary and discards others. |
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