Imf and the Asian Financial Crisis

On the one hand the International Monetary Fund has been portrayed as an institutionalized financial messiah, whose mere presence is able to resurrect emaciated economies and restore the public's confidence. On the other, it is regarded by other as a Western-dominated financial bludgeon whose measur [...]
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On the one hand the International Monetary Fund has been portrayed as an institutionalized financial messiah, whose mere presence is able to resurrect emaciated economies and restore the public's confidence. On the other, it is regarded by other as a Western-dominated financial bludgeon whose measures are aimed to break open developing economies for foreign pickings. This overview of the institution emphasizes its role in Asia and discusses the primary aims and functions of the IMF.