200 words Go through the below content and write a minimum of 200 character content as a reply regarding Crisis Recovery Chapter 11 explores the international monetary system and its development over the years. During the years, there were different many economic crisis, each of them driven by something different. Sometimes the crisis was initiated by poor governance and corruption, other times by the exchange rates being volatile and not too much predictable, and so on. On any crisis, there is the beginning, the during and the aftermath of it. Usually, countries that face a very hard crisis, after some years, tend to have a better period in politics and economics. According to Hill and Hult, supporters of floating rates exchanges, that is, the rates being more flexible and changing unpredictably, help countries deal with economic crisis. People who are investing in a certain country, tend to take their money out of that country, driving down the currency, which in result stimulates the exports. After a crisis, floating rates can help adjust trade imbalances and help the recovery of nations (Hill and Hult, 2020).            An entity called, International Monetary Fund (IMF), has a very important role when it comes to the recovery of crisis in the countries. They redefined its mission, now focusing on lending money to countries experiencing financial crisis in exchange for enacting certain macroeconomic policies. The membership of IMF has expanded to 189 countries in 2018, of which 40 of those have some type of IMF program in place. (Hill and Hult, 2020).            When a crisis is managed by the IMF, there are different classifications depending on what caused the crisis. A current crisis occurs when an attack on the exchange value of a currency results in a depreciation in the value of the currency, or makes the country to expand a large amount of volumes of international currency reserves, increasing interest rates (Dreher, 2009).            There are many articles that study and examine the crisis that happened in the pats. By analyzing them, we can learn how to prepare to a meltdown and recovery from such drastic changes that impact many societies. In the article Recovery from Financial Crises: Evidence from 100 Episodes, the author shows how the most severe multi-year crises on record in the advanced economies in the world reacted versus the crisis in emerging countries. For sure, those two scenarios are different. When it comes to powerful nations, the recovery is faster, and smoothly. There is more financial stability, and debt sustainability can be achieved. The author explains that advanced countries do not need to resort to the more eclectic polices of emerging countries and emerging markets. Usually on countries that are not advanced developed, there is higher inflation, capital controls, and other forms of financial repression. All of those things negatively impact and make it difficult for a recovery after a crisis (Reinhart and Rogoff, 2014).            There are times where the crisis in global. It might start in a well developed country and because of its position globally, its power and influence in others, countries that are not so well developed, are negatively affected. But this is not always the rule. Lets take for example the United States financial crisis of 2008. Started with the housing  bubble in USA, culminating with the bankruptcy of Lehman Brothers, and leading to an international banking crisis. The market crashed, inflation when up, and all the world was fearing what was coming. If United States as an economic power was crashing what was going to happen to countries like Chile or Brazil in South America? (ŞENTÃRK,2016).            The unexpected happened. Because people was not certain and secure about investing in United States, hey started moving their money to South American Countries. There was a boom on the less prepared countries which were now receiving foreign investments that before were all in Europe or United States. Just like this example, there are many other that do not follow a exact rule. In economics there are things that cannot be predicted and explained. Of course it is possible to predict a crisis, when analyzing a countrys economic cycle. But to kno9w 100% how the market will respond to the crise, or how other countries will be affected, it is really a shot in the dark. With previous historical financial crisis, it is possible to better understand how the market works and what can possible be beneficial or not for it (ŞENTÃRK,2016).