XXXXXXXXXXHow should IMF interventions differ in the cases of first- and second-generation currency crises? XXXXXXXXXX) “Capital account liberalization is like a medicine that is usually beneficial...

1. (21.5) How should IMF interventions differ in the cases of first- and second-generation currency crises?

2. (21.6) “Capital account liberalization is like a medicine that is usually beneficial but often produces horrific side effects. Such a medicine cannot be left unregulated.” Discuss.

May 26, 2022

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