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International Monetary Fund

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Details: Your cousin's latest interest is The International Monetary Fund, about which you are now chatting online.

The IMF was established by the United Nations in 1944 to provide loans to countries in financial distress at a relatively low interest rate. Nations having balance-of-payments problems can borrow from the IMF for short time periods and such loans include economic and financial stipulations on the debtor nation. Typically, such stipulations require that the debtor nation follow an austerity program that limits government spending, domestic consumption, and imports.

Your cousin wants to know, what do you think about the goal of the IMF's aid to distressed countries? What has been the controversy surrounding the IMF austerity programs? What are examples of the IMF successes and failures?

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Details: Your cousin's latest interest is The International Monetary Fund, about which you are now chatting online.

The IMF was established by the United Nations in 1944 to provide loans to countries in ...

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This discusses International Monetary Fund

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International Monetary Fund - Globalization

Visit the International Monetary Fund's (IMF) (http://www.imf.org). Click on Publications, then on Periodicals, and then on Finance & Development. In the March 2002 Volume, read the article, "The Globalization of Finance," written by Gerd Hausler, Counselor and Director of the IMF's International Capital Markets Department.

Please answer the following questions -

? How is financial globalization is affected by the following?
a. Deregulation
b. Capital mobility
c. The introduction of common currencies
d. The formation of economic communities and trading blocs

? How have the Internet and technological advances in computing power and communications affected the following?
a. The provision of domestic and global banking products and services
b. The degree of competition in the world's financial markets
c. Domestic and global financial system reform

? How is regulatory reform
a. an important element by itself in reshaping the financial services landscape?
b. a reaction to the other forces of change affecting financial markets?

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