Chapter 6 Final Thoughts
- Financial Crises and What to Do About Them
- Oxford University Press
This chapter comments on the international community's crisis prevention and crisis resolution efforts. It suggests that though a variety of initiatives have been successful, two gaps remain. One is addressing the problems of the poorest countries because several elements of the so-called new international financial architecture have created further obstacles to their road to economic development. The other gap involves creating alternatives to bailouts for resolving crises in order to ease the pressure on the International Monetary Fund to extend to financial assistance.
financial crises prevention, financial crises resolution, new international financial architecture, poor countries, International Monetary Fund, financial assistance
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