International macroeconomics

Introduction

The financial crisis that hit the world in the mid of 2007 is still being felt by the world economy. The crisis strengthened after the bankruptcy of Lehman brothers in 2008. IMF early estimated its impact and provided guarantees and capital injection to ease the credit crunch. The IMF has progressed with the globalization of economies, but the development is not as fast as it some would prefer. Many people agree that IMF has no longer a major role of lender to play or to help and guide the financial systems and global economy.

Role of International Institutions

The basis of ...