01698cas a2200241 a 4500 AALejournalIMF001369 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842906 1018-5941 BD-DhAAL BD-DhAAL Boughton, James. Different Strokes? : Common and Uncommon Responses to Financial Crises / James Boughton. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Much of the debate about the management of financial crises has focused on structural and psychological issues regarding the conditions that are supposed to be necessary to restore investor confidence. Nonetheless, the paramount requirement in the short term is for countries in crisis to adopt correct macroeconomic policies. An analysis of conventional macroeconomic models reveals that countries can afford to run expansionary policies to restore internal balance only if they can afford to ignore the requirements for external balance. This arithmetic does not depend on whether macroeconomic policies were inappropriate before the crisis hit. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/012 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/012/001.2001.issue-012-en.xml IMF e-Library