Download or read book Peru and the International Monetary Fund written by Thomas Scheetz and published by University of Pittsburgh Pre. This book was released on 2010-11-23 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Scheetz shows that the Internationaly Monetary Fund's approach in 1980s Peru did not addresses the roots of debt and financial crisis, but instead has instituted inadequate stopgap policies, which have caused great inequities because of incorrect or biased assumptions. He argues that policies to eliminate "excess demand" in fact harm the poor, and the support the rich.