The country could then fund basic expenditures and tax cuts, which were needed to help stimulate the economy with expansionary policy intent. The IMF of the present, however, is run by market fundamentalists that believe that markets work well on their own and the country's government intervention would be a negative one, but the IMF (in the name of monetary policy) can intervene as it pleases with a contractionary policy intent... displayed 300 characters
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Stilglitz believes that the IMF intentionally worsened the problems they were trying to remedy through stabilizing exchange rates so that speculators could gain in a country's loss, by paying out a country's bankruptcies to creditors (usually developing countries banks) which diminishes any real risk or need for insurance... displayed 300 characters
