The role of international financial institutions in macroeconomic crises: improving the architecture of the World Bank and the IMF for managing shocks in developing countries
Berensmann, Kathrin / Peter Wolff (2014)
Discussion Paper 33/2014
In their response to the global financial crisis, the international financial institutions (IFIs) have significantly reformed their instruments. Nevertheless, some gaps for shock financing remain. This study looks at the appropriateness of the IFIs’ shock facilities for developing countries.