Kutan, Ali M.; Sudjana, Brasukra G. - William Davidson Institute, University of Michigan - 2004
Some observers have argued that the IMF’s focus on the institutional weaknesses of the Asian crisis countries that are … inherently difficult to remedy and not necessarily relevant for the crisis, and that their inclusion in IMF programs exacerbated … the crisis. This paper argues that besides IMF actions, it is important to consider other factors such as governments’ own …