Discussion Paper

Download PDF

A critical review of the IMF’s tools for crisis prevention

Bonn: German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE)

ISBN: 978-3-88985-547-3
Preis: 6 €

Against the backdrop of the International Monetary Fund’s (IMF) increasing focus on crisis prevention measures and the G20’s discussion of “global safety nets”, this paper analyses the IMF’s tools for crisis prevention, with particular emphasis on the recently developed Flexible Credit Line (FCL) and Precautionary Credit Line (PCL). The paper reviews why it took the Fund so long to develop crisis prevention facilities that would find subscribers and scrutinises initial experiences with the FCL and PCL. Moreover, it discusses the systemic implications of and problems associated with such crisis prevention facilities and examines why only so few countries are using these facilities thus far. Based on this analysis, it offers policy recommendations for the development of the IMF’s crisis prevention facilities.

Über den IDOS-Autor

Volz, Ulrich

Ökonom

Weitere IDOS-Expert*innen zu diesem Thema

Bambe, Bao-We-Wal

Finance 

Berensmann, Kathrin

Wirtschaftswissenschaften 

Gitt, Florian

Ökonomie 

Goedeking, Nicholas

Vergleichende politische Ökonomie 

Haug, Sebastian

Politikwissenschaft 

Kachelmann, Matthias

Politikwissenschaft 

Li, Hangwei

Politikwissenschaft 

Novoselova, Anna

Politikwissenschaften 

Nowack, Daniel

Politikwissenschaftler 

Olekseyuk, Zoryana

Ökonomie 

Schiller, Armin von

Politikwissenschaftler 

Stewart, Benjamin

Sozialwissenschaft 

Wehrmann, Dorothea

Soziologie 

Wingens, Christopher

Politikwissenschaftler