Role Of Imf In Financial Crisis

Abstract

The global financial crisis can have a dramatic effect on the growth and stability of the global economy. This research paper entailed an in-depth analysis of the roles and functions of International Monetary Fund (IMF) in several financial crises that have affected numerous countries across the globe in places such as Latin America, Asia, and Europe. The study further examined the track record of IMF including a brief history of its activities and its international influence in major financial crises. Specific attention was on the IMF's intervention on Asian Financial Crisis, the Latin American Debt Crisis, the Argentina Crisis, and the 2008 Global Economic Recession. According to above-mentioned study, the response strategies adopted by the IMF, with the intention to talk about the global issues, involve a deep investigation regarding the roles of demand and supply and the way through which these roles describe the reduced pace of credit development. These roles also offer calculations for banks according to areas, while focusing on the common technique and measuring the result of different conducts of government, which significantly include guarantees or strategies for recapitalization.