TY - BOOK ID - 1353750 TI - Managing financial crises: recent experience and lessons for Latin America AU - Collyns, Charles AU - Kincaid, G. Russell PY - 2003 VL - 217 SN - 1589062086 1462369367 1452780609 9781589062085 PB - Washington (D.C.): International monetary fund, DB - UniCat KW - Money. Monetary policy KW - Latin America KW - Financial crises KW - International Monetary Fund KW - -Financial crises KW - -339.7 <8> KW - crise financiere KW - amerique latine KW - 65 management KW - 336 financiën KW - LAM / Latin America - Latijns Amerika - Amérique Latine KW - 333.481 KW - 330.05 KW - 332.042 KW - Crashes, Financial KW - Crises, Financial KW - Financial crashes KW - Financial panics KW - Panics (Finance) KW - Stock exchange crashes KW - Stock market panics KW - Crises KW - Business cycles KW - Internationale financien. Buitenlands betalingsverkeer --(z.o {336})--Zuid-Amerika KW - financiele crisis KW - latijns amerika KW - Monetaire crisissen, hervormingen, saneringen en stabilisering. KW - Mezhdunarodnyĭ vali︠u︡tnyĭ fond KW - Международный валютный фонд KW - Miz︠h︡narodnyĭ vali︠u︡tnyĭ fond KW - Fundo Monetário Internacional KW - Fondo Monetario Internacional KW - IMF (International Monetary Fund) KW - FMI (International Monetary Fund) KW - Internationaler Währungsfonds KW - Kokusai Tsūka Kikin KW - Fonds monétaire international KW - Kukche Tʻonghwa Kigŭm KW - Kansainvälinen Valuuttarahasto KW - Kuo chi huo pi chi chin KW - Fondul Monetar International KW - Ṣundūq al-Naqd al-Dawlī KW - Fondo M. Internacional KW - IWF (International Monetary Fund) KW - Kō̜ngthun Kānngœ̄n rawāng Prathēt KW - MVF (International Monetary Fund) KW - Międzynarodowy Fundusz Walutowy KW - Mulya Aramudala KW - I.M.F. (International Monetary Fund) KW - Quỹ tiè̂n tệ quó̂c té̂ KW - Nemzetközi Valuta Alap KW - صندوق النقد الدولي KW - 国际货币基金组织 KW - 国際通貨基金 KW - 國際貨幣基金組織 KW - Fundu Monetariu Internacional KW - Ṣundūq al-Naqd al-Duwalī KW - DNT (Organization) KW - Working papers KW - 339.7 <8> Internationale financien. Buitenlands betalingsverkeer --(z.o {336})--Zuid-Amerika KW - Internationaal monetair fonds KW - International monetary fund KW - 339.7 <8> KW - Monetaire crisissen, hervormingen, saneringen en stabilisering KW - IMF KW - Financial crises - Argentina KW - Financial crises - Latin America KW - Banks and Banking KW - Financial Risk Management KW - Foreign Exchange KW - Macroeconomics KW - Public Finance KW - Fiscal Policy KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Debt KW - Debt Management KW - Sovereign Debt KW - Financial Crises KW - Banking KW - Currency KW - Foreign exchange KW - Economic & financial crises & disasters KW - Public finance & taxation KW - Finance KW - Fiscal policy KW - Exchange rates KW - Fiscal stance KW - Public debt KW - Banks and banking KW - Debts, External KW - Debts, Public KW - Argentina UR - https://www.unicat.be/uniCat?func=search&query=sysid:1353750 AB - This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF’s work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined. ER -