of the IMF in light of the past experience in preventing currency crises and a systemic breakdown of the world …’s financial system and points out necessary IMF reforms. It discusses how the IMF should adjust to the structural changes in the …

, as the needs of its clients and the type of crisis changed substantially over time. Some deceptively "new" IMF activities … are not entirely new. Before emerging market economies dominated IMF programs, advanced economies were its earliest (and … largest) clients through the 1970s. While currency problems were the dominant trigger of IMF involvement in the earlier …

, as the needs of its clients and the type of crisis changed substantially over time. Some deceptively "new" IMF activities … are not entirely new. Before emerging market economies dominated IMF programs, advanced economies were its earliest (and … largest) clients through the 1970s. While currency problems were the dominant trigger of IMF involvement in the earlier …

of the IMF in light of the past experience in preventing currency crises and a systemic breakdown of the world …'s financial system and points out necessary IMF reforms. It discusses how the IMF should adjust to the structural changes in the …

The more severe a financial crisis, the greater has been the likelihood of its management under an IMF … increased programme likelihood but have prompted faster response mainly for 'major'crises. Over time, the IMF's response has not …

political economy or governance reform issues of the IFIs …

To better fulfill its crisis-prevention mandate, IMF surveillance needs to provide stronger incentives for countries to … shortcomings. A country`s potential access to IMF credits should be linked to the quality of its policies in noncrisis periods in …