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International Monetary Fund as an Aid in Overcoming Financial Crisis

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Added on  2020-06-06

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Also, there are various functions of IMF such as assisting in the balance of payments adjustment, firmness of exchange rates, helping in these financial crisis by providing international coordination and additional objectives (Mirakhor, 2010). The research was based on providing financial stability to overcome the economy of the world and to prevent them from these financial issues at the time of recession. I observed that IMF actually deals with three major services that includes surveillances, financial and technical support as well.It has been observed by me

International Monetary Fund as an Aid in Overcoming Financial Crisis

   Added on 2020-06-06

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International Monetary Fund as an Aid in Overcoming Financial Crisis_1
It has been observed by me that International monetary fund acts an aid for the financialservices for the entire range of international markets. These funds can help in overcoming thefinancial crisis. I have learned that while the financial emergency in 2007-09, government wasfacing a huge amount of challenges regarding this. Also, there are various functions of IMF suchas assisting in the balance of payments adjustment, firmness of exchange rates, helping in thesefinancial crisis by providing international coordination and additional objectives (Mirakhor,2010). In the research, I analysed that initially, there were various issues. Lack of knowledgeabout the connections along with the risk factors for the plans that are money related. After thatthe second factor I realised was the emergency and control administration were managed at thenational level. The surveillance on a person's foundations and if it were independent of eachother, the entire framework acts was as steady. The research was based on providing financialstability to overcome the economy of the world and to prevent them from these financial issuesat the time of recession. It has been observed by me that IMF is only about to provide them thefinancial stability. Their forte along with this is to manage the exchange rates as well. I observed that IMF actually deals with three major services that includes surveillances,financial and technical support as well. It has been observed by me that the company has notfulfilled all the objectives and also affected badly on some member countries like they have beensaid to repay the loan within a short period of time etc. After analysing the literature review section, I realised that IMF played an important partin providing the financial assistance to the countries suffering from this critical issue. Also, formanaging and overcoming the lack of funds so that loans can be re payee, the actual financialcondition of the country must be evaluated first. I came to know about various methods andtechniques that the country is using for managing the shortage and the related crisis. Thesemethods were promoting monetary cooperation at the international level by various financialorganisations as World Bank or IMF, whose forte is to give the machinery for consolidation andresolve various international problems that are financial (Albu, 2011). I learned that the actualefficiency of IMF depends upon some factors as on the processes and the international regulatorybodies. In the research, I have analysed that the IMF works for promoting higher employment,monetary cooperation globally, facilitating international trade and securing the financial stability.1
International Monetary Fund as an Aid in Overcoming Financial Crisis_2

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