Critically analyse the role of the International Monetary Fund in contradistinction from a central bank (e.g. the Bank of England) in the context of the financial crisis currently facing many countries across the world. This essay analyses the role of the International Monetary Fund (IMF) in contradistinction to a central bank in the current financial crisis. The central banks focused on will be the Bank of England, the United States' (US) Federal Reserve, and the European Central Bank (ECB). My focus will not be on economic or financial analysis, although I will explain how the current financial crisis arose, without detailing the exhausting process of securitisation in banking definitions. All figures represented with the pound symbol (£) will represent British pounds, and all figures represented with a dollar symbol ($) will represent US dollars.
Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts
2 Sept 2011
5 Apr 2011
IMF World Bank
The World Bank (the Bank) and the International Monetary Fund (IMF or the Fund) are now regularly criticized for being unaccountable and ineffective. This article attempts to dissect the way of the Fund and the Bank to form the policy in economic context at international level, to explain its flaws and influences in many developing countries. Firstly examine the conditions that the Bank and the Fund attach to the recipient countries of their loans and financial aid. Then discusse the role of the Bank and the Fund in global economic policy making, particularly in privatization and liberalization policy. Next summarizes unfavorable consequences of such one-heal-all privatization and liberalization policy. The conclusion suggests that many conditionality, neither necessary nor desirable for the receiptors, should be diminished.
Read more on IMF World Bank here...
Read more on IMF World Bank here...
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