Question 1: Beginning in the 1990s, a number of countries experienced financial crises that led to extreme currency depreciation followed by deep recessions.In Mexico, Argentina, Thailand and others, the crises involved hard pegs, capital account liberalization, foreign currency borrowing and contagion.Explain.

Question 2: In the book Globalization and Its Discontents, economist Joseph Stiglitz looks in depth at the events in East Asia and contends that IMF intervention worsened the East Asian financial crisis of the late 1990s.How, according to Stiglitz (provide specifics)?

Question 3: Stiglitz also argues that the IMF as another agenda besides its stated agenda of promoting stability and growth in LDCs.What does he mean by this?What, according to Stiglitz is the IMF's other agenda?