Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

The IMF, the Truth, and Russia

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Wednesday, May 30, 2001

The International Monetary Fund is trying to set up a venture that would warn of impending financial crises in developing countries, which would give both itself and other international lenders time to deal with problems in their early stages. But the IMF has no incentives to enforce the truth, even for its own policy objectives.