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Influence of Economic Stabilization Program Implemented by International Monetary Fund on Economy

Taivan Ulziideleg

This paper investigates the type of economic crises, measures to manage the crises and influence of these measures on economy. Policies are intended to speed up the adjustment process of an economy from imbalance to long-run fullemployment equilibrium. After a scrutiny of the pros and cons of demand side policy and exchange rate policy, the inherent difficulties of achieving multiple objectives in an open economy is seen. The symptoms of crisis occurred in Mongolia would be referred to traditional balance of payment crisis and loan to be offered to Government by the IMF will be support the IMF’s program, which is based on combination of demand and exchange policy. Moreover, some measures of supply side policy will be implemented.