The IMF and the Future / Edition 1

The IMF and the Future / Edition 1

by Graham Bird
     
 

ISBN-10: 041529987X

ISBN-13: 9780415299879

Pub. Date: 02/28/2003

Publisher: Taylor & Francis

The International Monetary Fund has been criticised from both the right and the left of the political spectrum with the right arguing that it is too interventionist and creates more problems than it solves and the left on occasion demanding that it be abolished altogether. What seems almost beyond question is that the IMF needs to be reformed.
Defining a future

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Overview

The International Monetary Fund has been criticised from both the right and the left of the political spectrum with the right arguing that it is too interventionist and creates more problems than it solves and the left on occasion demanding that it be abolished altogether. What seems almost beyond question is that the IMF needs to be reformed.
Defining a future role for the IMF will always be a controversial issue, but vital to any considerations will be a measured assessment of how it has operated in the past. This excellent new book from an internationally respected expert on the IMF intends to do just that. Starting with an historical background tracing the evolution of the IMF, the book goes on to cover such themes as:
*The circumstances under which countries turn to the IMF
*The various aspects of IMF conditionality
*Institutional issues such as lending facilities and how the fund is resourced.
Bringing together an array of articles, this excellent new book will undoubtedly be required reading for anyone with a serious interest in development studies as well as being an eye-opening read for policy makers involved with the IMF.

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Product Details

ISBN-13:
9780415299879
Publisher:
Taylor & Francis
Publication date:
02/28/2003
Series:
Priorities for Development Economics Series
Edition description:
New Edition
Pages:
316
Product dimensions:
6.14(w) x 9.21(h) x 0.81(d)

Table of Contents

List of figures
List of tables
Preface
Acknowledgements
1A suitable case for treatment?: understanding the ongoing debate about the IMF1
2Borrowing from the IMF: the policy implications of recent empirical research31
3IMF lending: how is it affected by economic, political and institutional factors?44
4IMF programmes - do they work? Can they be made to work better?68
5The effectiveness of conditionality and the political economy of policy reform: is it simply a matter of political will?93
6IMF programmes: is there a conditionality Laffer curve?113
7The credibility and signalling effect of IMF programmes130
8The IMF's role in mobilizing international capital: is there a catalytic effect?141
9Restructuring the IMF's lending facilities163
10Resourcing the Fund: direct borrowing from private capital markets179
11Crisis averter, crisis lender, crisis manager: the IMF in search of a systemic role194
12The IMF and developing countries: a review of the evidence and policy options211
13Political economy influences within the life cycle of IMF programmes243
14The political economy of the SDR: the rise and fall of an international reserve asset267
Index291

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