Tensions rise in currency wars.
IMF should understand that it aims to help countries to a prosperous economic development but unfortunately in my view is subjective in their interests as anybank in opposing nations taking decisions to protect their economy.
In general what the IMF aimsis to eliminate capital controls imposed by the govements and That Waydestabilize emerging economies so these can not protect its currency against theother, and thus these countries always depend on them.
Since it is clear that these controls help to countries in recession, these also help intimes of prosperity that serves as a guarantor of freedom from a future recession
this entity even approved the application of capital controls to manage the crisis, and I think theyare extremists wanting to entirely eliminate such checks for his own benefit.
Another way to protect ourselves is not the mistake of relying entirely on the hot money to cover the deficit, sincethese are speculative and be a quick way to getresources is very risky, we must focus more effort needs to savings and sales long-term bonds, "To reduce the influence of Hot Money into the economy of a nation,some countries set minimum time investment. For example, Chile requires that all foreign investment is at least a year. Although such measures reduces thenumber ofinvestments in a country, the economy becomes less susceptible to financial crises"1.In conclusion in my opinion thefact that this debate is not conclusive,states in process of Development Must bear a complementary fiscal policy without being Influenced by the IMF, sincere each case is different and you cannot use the same normals to Apply for All.Nations are their right and at their own decisionsshould make own Interest and forthe benefit, such as will turn to capital controls, hotmoney, banking regulation, and sound fiscal policy in order to find Economic Prosperity.
Alberto Vives C
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