IMF advice to countries such as Russia and Argentina that suffer from exchange rates crises often requires these countries to adopt

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The IMF often advises countries facing exchange rate crises to adopt contractionary monetary policies, such as increasing interest rates or reducing government spending, in order to reduce inflation and stabilize the exchange rate. This is intended to restore investor confidence and attract capital flows back into the country. Fixed exchange rates, expansionary monetary policies, and state ownership of industry are not typically recommended by the IMF in response to exchange rate crises.

IMF Advice to Countries Such as Russia and Argentina That