02092cas a2200253 a 4500 AALejournalIMF012763 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589062085 0251-6365 BD-DhAAL BD-DhAAL Kincaid, G. Managing Financial Crises : Recent Experience and Lessons for Latin America / G. Kincaid, Charles Collyns. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (128 pages) Occasional 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 This paper seeks to draw lessons from the IMF's experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that there is no quick or easy fix in the face of a wide-ranging crisis involving both acute external financing pressures and rapidly changing asset prices that undermine financial stability and household and corporate balance sheets. In the end, effective solutions depend on developing a comprehensive strategy combining the full range of fiscal, monetary, financial system, and debt policy instruments. Recent experience with crises has had important implications for the IMF's work in assessing crisis vulnerabilities. IMF surveillance work has been strengthened and a more objective framework has been developed for assessing debt sustainability, and this approach continues to be refined. Mode of access: Internet Collyns, Charles. Occasional Papers; Occasional Paper ; No. 2003/001 Full text available on IMF http://elibrary.imf.org/view/books/084/04517-9781589062085-en/04517-9781589062085-en-book.xml IMF e-Library