International Finance Is a Game with Two Sets of Players
On the broader note, the external factors set the stage through advocacy of rapid liberalisation, triggered the crisis through speculation of private investors and then through massive funds withdrawal, and imposed wrong policies that worsened the crisis. The role of government official is one of a supervisory one in order to restore the economic condition. The IMF provided financial rescue packages which protected investors who lent money to the government or financial institutions of countries like Mexico and Thailand, leaving the residents of those countries to bear the heaviest costs of unsound policies.
In conclusion, from the above discussion, it is evident that key players such as private corporate president and treasurers as well as the national government such as the policymakers plays important role in international market. Hence confirming the opening statement by Robert Z. Aliber. These players work together and any decision one group of player make has direct impact on the other group of players.
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