Number: RL30272
Title: Global Financial Turmoil, the IMF, and the New Financial Architecture
Authors: Dick K. Nanto, Foreign Affairs, Defense, and Trade Division 
Abstract: This report focuses on the global financial turmoil in 1997-99 that spread from Thailand, through Southeast Asia, up the coast to South Korea, and eventually battered Russia, and hit Brazil. It reviews the problem and reviews a number of the major policy responses taken or being considered. The policy options under consideration include economic and regulatory policy, new financial architecture, and International Monetary Fund reforms.
Pages: 24
Date: Updated November 15, 2001