The Role of the IMF in the East Asian Debt Crisis of 1997
Location
CSU 204
Start Date
16-4-2013 10:05 AM
End Date
16-4-2013 11:05 AM
Student's Major
Government
Student's College
Social and Behavioral Sciences
Mentor's Name
Abdalla Battah
Mentor's Department
Government
Mentor's College
Social and Behavioral Sciences
Description
During the last decades, several financial crises such as the East Asian financial Crisis of 1997, the Latin American debt crisis of 1994-95, the Russian crisis of 1998, and the Brazilian crisis of 1998-99 have occurred in the world economy. The International Monetary Funds (IMF) has been involved during these crises and known as a crisis manager. But during the East Asian Financial crisis in particular, the IMF has been criticized of promoting international cooperation because of the supervised enforcement of its rules. The purpose of this research is to find out how the IMF responded to the East Asian debt crisis, whether or not its response was the best response possible to this crisis, and what should be the future role of the IMF. To conduct this research, I analyzed 5 scholarly journals on the financial crisis in East Asia, 3 scholarly articles on the role of IMF in the East Asia financial crisis, and 1 novel called POLITICS IN SOUTHEAST ASIA DEMOCRACY OR LESS by William Case. Through my research, I talked about the causes of the East Asian financial crisis, the role of the IMF in the international monetary system, and if the IMF responses to Thailand, South Korea and Indonesia were helpful or not. After analyzing the IMF responses in this crisis, I found that the IMF policies need to be reformed in order to monitor crises spill-over effects at the global and regional levels, and prevent future financial crises.
The Role of the IMF in the East Asian Debt Crisis of 1997
CSU 204
During the last decades, several financial crises such as the East Asian financial Crisis of 1997, the Latin American debt crisis of 1994-95, the Russian crisis of 1998, and the Brazilian crisis of 1998-99 have occurred in the world economy. The International Monetary Funds (IMF) has been involved during these crises and known as a crisis manager. But during the East Asian Financial crisis in particular, the IMF has been criticized of promoting international cooperation because of the supervised enforcement of its rules. The purpose of this research is to find out how the IMF responded to the East Asian debt crisis, whether or not its response was the best response possible to this crisis, and what should be the future role of the IMF. To conduct this research, I analyzed 5 scholarly journals on the financial crisis in East Asia, 3 scholarly articles on the role of IMF in the East Asia financial crisis, and 1 novel called POLITICS IN SOUTHEAST ASIA DEMOCRACY OR LESS by William Case. Through my research, I talked about the causes of the East Asian financial crisis, the role of the IMF in the international monetary system, and if the IMF responses to Thailand, South Korea and Indonesia were helpful or not. After analyzing the IMF responses in this crisis, I found that the IMF policies need to be reformed in order to monitor crises spill-over effects at the global and regional levels, and prevent future financial crises.
Recommended Citation
Tahirou, Yaro Sadek. "The Role of the IMF in the East Asian Debt Crisis of 1997." Undergraduate Research Symposium, Mankato, MN, April 16, 2013.
https://cornerstone.lib.mnsu.edu/urs/2013/oral-session-04/4
