Assessment of the IMF intervention in the Asian crisis

Abstract

The thesis will introduce what happened in the 1997 Asian financial crisis, what were the reasons of the crisis, and how the IMF made interventions during the crisis. The focus will be on the effects caused by the interventions made by the IMF.We will examine the main macroeconomic indicators of the involved East Asian countries in different time periods and make a conclusion why the IMF interventions were not properly conducted in the case of the IMF assisted Asian countries.