1. The role of IMF
Treasury Secretary) who proposes the abolition of the IMF on the ground that its crisis lending operations generate an unacceptable degree of moral hazard for the private financial system as well as for sovereign borrowers (Thacker, 1999, 45). ... At this end of the spectrum, the debate focuses on how to enlarge its role in the global economy in a variety of ways, for instance, as a genuine lender of last resort and as creator of international liquidity through its prototype SDR mechanism (Dollar and Svensson, 1998); as an authority in orderly debt negotiations between creditors, private a...
- Word Count: 3629
- Approx Pages: 15
- Has Bibliography
- Grade Level: Undergraduate