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…
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