Globalisation accelerated IMF's reaction

The pace of the International Monetary Fund's (IMF) crisis responses has increased with the rise of financial globalisation, a new research from the Central Bank of Chile shows.

The research finds that as international capital markets became more prominent, new vulnerabilities such as sudden halts in capital inflows became more prominent. The research also shows that stronger affiliation with the United States made for a rapid conclusion of an IMF program.

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