Response to Standard IMF Policy Prescription

Response to Standard IMF Policy Prescription

Do you think the standard IMF policy prescription of tight monetary policy and reduced government spending are always appropriate for developing nations experiencing a currency crisis? How might the IMF change its approach? What would the implications be for international businesses?

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The tight monetary policies implemented by IMF requires nations to have high interest. In my own opinion, I think that the standard policy prescriptions of IMF on tightened monetary policies together with the reduced government spending tend to be essential in managing…