IMF - Publications - Faculty & Research

April 2008 (Revised June 2008)
Case

Korea: On the Back of a Tiger (Abridged)

What caused the 1997 Korea crisis? Did the International Monetary Fund (IMF) help or hinder recovery? Did democracy help or hinder recovery? Seen as an economic miracle, Korea succumbed to the wave of currency crises sweeping Asia in late 1997. Did the same state-led... View Details

Keywords: Financial Crisis; Trade; Currency Exchange Rate; Foreign Direct Investment; Governing Rules, Regulations, and Reforms; Business and Government Relations; Asia; South Korea

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May 2004 (Revised November 2005)
Case

Turkey: Securing Stability in a Rough Neighborhood

By: Richard H.K. Vietor and Emily Thompson

After suffering years of volatility and crises, Turkey desperately sought macroeconomic and political stability in an ever-worsening region of the world. In the short term, Turkey had to repay its debt, which amounted to more than 80% of GDP. By January 2004, Turkey... View Details

Keywords: Public Sector; Inflation and Deflation; Macroeconomics; Borrowing and Debt; Banks and Banking; International Finance; Privatization; Religion; Turkey; European Union

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31 Jul 2013
Working Paper Summaries

Learning from Double-Digit Growth Experiences

Keywords: by Eric D. Werker

28 Feb 2007
Research & Ideas

Capital Rules: The Tensions of Global Finance

signals accordingly. At that very moment in 1998, the IMF Executive Board and Interim Committee were considering codifying the norm for all 184 members, as had the EU and OECD for their own clubs. That autumn was as close as the world has... View Details

Keywords: by Rawi Abdelal

19 Sep 2017
First Look

First Look at New Research and Ideas, September 19

https://cb.hbsp.harvard.edu/cbmp/product/717498-PDF-ENG Harvard Business School Case 717-034 Goodbye IMF Conditions, Hello Chinese Capital: Zambia's Copper Industry and Africa's Break with Its Colonial Past Over the past several decades,... View Details

Keywords: Sean Silverthorne

02 Jul 2015
Op-Ed

The Future of the Greek Economy

developed country to default on a loan by the International Monetary Fund (IMF). That said, Greece needs help and cannot be abandoned. That help must be found within the European Union, within the euro, and ideally without IMF... View Details

Keywords: by Laura Alfaro, Dante Roscini & George Serafeim; Banking

21 Aug 2006
Research & Ideas

How Europe Wrote the Rules of Global Finance

financial crises of 1997 and 1998. Today, the IMF is very cautious about encouraging countries to liberalize, and indeed generally IMF officials offer developing countries warnings about the serious risks... View Details

Keywords: by Ann Cullen

23 Apr 2013
First Look

First Look: April 23

turn to the International Monetary Fund (IMF) for balance-of-payments support. Over the 1980s and early 1990s, the unpopular policy conditions associated with IMF loan programs made the Fund a lightning rod for criticism over Jamaica's... View Details

Keywords: Sean Silverthorne

04 Jan 2012
What Do You Think?

Income Inequality: What’s the Right Amount?

thirty years and now resembles that of some lesser-developed economies? Has the U.S. passed over the peak of the parabola of our hypothetical graph? What's the right amount of inequality? What do you think? To Read More: Andrew G. Berg and Jonathan D. Ostry,... View Details

Keywords: by Jim Heskett

03 Jul 2018
First Look

New Research and Ideas, July 3, 2018

forthcoming IMF Economic Review Debt Redemption and Reserve Accumulation By: Alfaro, Laura, and Fabio Kanczuk Abstract—In the past decade, foreign participation in local-currency bond markets in emerging countries increased dramatically.... View Details

Keywords: Dina Gerdeman

25 Aug 2015
First Look

First Look Tuesday

monetary effect of athletic success to many academic institutions in the United States. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=49494 Forthcoming IMF Economic Review An Evaluation of Money Market Fund Reform... View Details

08 Mar 2016
Research & Ideas

Solving an Economic Mystery Surrounding Argentina and Chile

be censored by the IMF for not supplying accurate data. Macri also signed an agreement with US hedge funds to settle a protracted dispute over the country’s failure to repay billions of dollars’ worth of bonds acquired at heavily... View Details

Keywords: by Sean Silverthorne

18 Sep 2018
First Look

New Research and Ideas, September 18, 2018

IMF” (HBS No. 419-019). For comprehensive coverage of her evolution and career, see “Christine Lagarde” (HBS No. 419-016). Purchase this case:https://hbsp.harvard.edu/product/419018-PDF-ENG Harvard Business School Case 419-019 Christine Lagarde (C): Managing the View Details

Keywords: Dina Gerdeman

22 Apr 2015
Op-Ed

Reforming Greece: Myths and Truths

generate growth include relaxing financing constraints for both large and start-up Greek companies and by attracting FDI by reducing political uncertainty and strengthening property rights. So Greece must first help itself. But it is in everyone's interests for the... View Details

Keywords: by George Serafeim

19 Mar 2006
Research & Ideas

Unlocking Your Investment Capital

companies, and central banks. Other large users are governments, corporations, and supranational agencies such as the IMF and the World Bank. Derivatives have been widely used for more than a quarter century. As of June 2005, the Federal... View Details

Keywords: by Ann Cullen; Financial Services

09 Dec 2008
First Look

First Look: December 9, 2008

economists—had foreseen. The crisis raises questions about how competently financial institutions, such as mutual funds, managed their global capital investments. It raises questions about how effective the International Monetary Fund's package of reforms was—and to... View Details

Keywords: Martha Lagace

18 Jun 2013
First Look

First Look: June 18

grown its real GDP at about 6% annually. This came after a huge debt crisis in 2001-02, wherein Turkey had to borrow $16 billion more from the IMF and comport with its difficult conditionality. Today, Turkey is a middle-income country in... View Details

Keywords: Anna Secino

24 Mar 2002
Research & Ideas

The Trick of Balancing Business and Government

Harris, a division chief in the IMF African division and a native of Trinidad. Whenever Mauritius has major legislation on the table, said Harris, "it runs that legislation past the business community first" and gauges their... View Details

Keywords: by Martha Lagace

06 Nov 2006
Research & Ideas

How South Africa Challenges Our Thinking on FDI

the World Bank or the IMF would have advised for countries to receive more foreign direct investment. But interestingly, it was slow in coming. And so the reasons for this can be many. I think one that might have been overlooked was, in... View Details