Abstract
From the IMF’s point of view, the period covered by this book starts with the most disturbing crisis of all: the fall of the Bretton Woods system. For an institution whose primary responsibility had been to watch over a system of fixed parities, the floating of exchange rates posed a direct challenge to the Fund’s legitimacy. As we shall argue, however, the Fund quickly regained its central position within the international monetary system due to its pivotal role in four major financial crises. The Fund’s leadership in combating these crises is the focus of this paper.
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Bakker, A.F.P., Kapteyn, A.J. (1998). Financial Crisis Management And The Role Of The IMF: 1970–1995. In: Rehman, S.S. (eds) Financial Crisis Management in Regional Blocs. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4864-1_16
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DOI: https://doi.org/10.1007/978-94-011-4864-1_16
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