Chapter 22 - Assignment 2: Stanley Fischer on the Asian Crisis

<BODY BGCOLOR=#FFFFFF TEXT=#000000 ALINK=#0000FF VLINK=#FF6666> <CENTER> <H1>Chapter 22 - Assignment 2: Stanley Fischer on the Asian Crisis</H1> </CENTER> <HR> Read Stanley Fischer's March 20, 1998 speech on: "<a href="http://www.imf.org/external/np/speeches/1998/032098.HTM"> The IMF and the Asian Crisis</a>." <P> <OL type="a"> <LI>Discuss the "surveillance" role of the IMF and the role of Article IV reports. Why does the IMF not make its concerns public? <LI>According to Fischer, why does the IMF often require liberalized trade policies as a condition for its loans? <LI>Fischer note that IMF programs are often unpopular in countries receiving loans. Why? <LI>Provide a succinct summary of Fischer's description of the origions of the Asian crisis. <LI>Describe the moral hazard problem associated with the existence of IMF loans. Why does Fischer argue that this is not a substantial problem? </OL> <HR> [ <a href="c22.htm" target="_top">Chapter 22</a> | <a href="mailto:College_Econ@hmco.com">Feedback</a> ] <CENTER> <H6>Copyright Houghton Mifflin Company. All Rights Reserved.<BR> <A href="http://www.hmco.com/hmco/Copyright.html">Terms and Conditions of Use</a> and <a href="http://www.hmco.com/hmco/Trademark.html">Trademark Information</a><BR> <SCRIPT language="JavaScript">  </SCRIPT> </H6> </CENTER> </BODY>