IMF bailouts: Roads to stability or recipes for disaster?

June 24, 2020

Includes “… But the opponents argue that their ingredients make troubled countries more dependent on IMF aid and their populations poorer. Allan Meltzer, a renowned economist at Carnegie Mellon University, who died last year, once said: ‘IMF's programs drive a large wedge between the social risk — the risk borne by the troubled country — and the private risk borne by bankers.’ …”

Read the full article on: DW (Germany)

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