01642cas a2200241 a 4500 AALejournalIMF019977 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498337410 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Progress Report on the Activities of the Independent Evaluation Office. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (3 pages) Policy 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 examines the performance of emerging market economies (EMs) during the recent global crisis and draws policy conclusions. It considers how EMs were affected by the initial impact of the crisis, examines the extent to which they were able to undertake countercyclical policies to moderate the impact, and highlights factors that have influenced the pace and timing of their recovery. Finally, it considers policy challenges facing EMs as the crisis subsides. This paper sheds light on the role of reserves in crises, and provides contextual background for work on the future financing role of the IMF. Mode of access: Internet Policy Papers; Policy Paper ; No. 2010/051 Full text available on IMF http://elibrary.imf.org/view/journals/007/2010/051/007.2010.issue-051-en.xml IMF e-Library