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Financial Crises and What to Do About Them$
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Barry Eichengreen

Print publication date: 2002

Print ISBN-13: 9780199257430

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199257430.001.0001

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Crisis Prevention

Crisis Prevention

Chapter:
(p.13) Chapter 2 Crisis Prevention
Source:
Financial Crises and What to Do About Them
Author(s):

Barry Eichengreen

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199257430.003.0002

This chapter discusses issues concerning the prevention of financial crises. It explains that both prevention and emergency management play a role in minimizing the impacts of such events. However, it is always wiser to focus on crisis prevention. This would mean giving less attention to the International Monetary Fund (IMF) press releases on emergency rescue and focusing on the institution's Reports on the Observance of Standards and Code and Financial Sector Assessment Program, and to the core principles and prudential standards of the International Monetary Fund.

Keywords:   financial crises prevention, emergency management, International Monetary Fund, core principles, standards

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