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Economics
MEDIUM
ENGLISH
Economics
Fundamentalists want the IMF to lend to crisis-stricken countries on condition that they undertake fundamental structural reforms in banking Joseph Stiglitz however thinks it is______________?
A
unrealistic for IMF to intervene in the financial markets of poor countries during the crisis
Option A
impractical for the IMF to loan short term as reforms can only be effective in the middle to long run
Correct answer
C
crucial that the IMF intervene in the reform of fiscal policy of the country and not the monetary policy
Option C
D
None of the statements above is correct
Option D
Correct answer: B
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