Private means: tackling currency crises

Article Abstract:

A steady infusion of private capital has stabilized financial markets in many developing economies, which is welcome news among International Monetary Fund (IMF) officials. Argentina's improved creditworthiness is due to its central bank's innovative arrangement with foreign creditor banks.

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When countries go bust

Article Abstract:

Argentina's economic crisis highlights the need for a process of sovereign bankruptcy. Anne Krueger of the International Monetary Fund has proposed that nations with 'truly unsustainable' debts should be given temporary legal protection while it restructures its debts.

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The case for mild repression

Article Abstract:

The World Bank and International Monetary Fund are meeting Sep 20, 1997, in Hong Kong and will discuss the problems of how best to promote economic growth in developing nations. The current financial crisis in Southeast Asia has raised questions as to current methods.

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