The Changing Nature of IMF Conditionality

The Changing Nature of IMF Conditionality PDF Author: Jacques Jacobus Polak
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 90

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Book Description

The Changing Nature of IMF Conditionality

The Changing Nature of IMF Conditionality PDF Author: Jacques Jacobus Polak
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 90

Get Book Here

Book Description


The Changing Nature of IMF Conditionality (Technical Paper 41)

The Changing Nature of IMF Conditionality (Technical Paper 41) PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


IMF Conditionality

IMF Conditionality PDF Author: John Williamson
Publisher: MIT Press (MA)
ISBN:
Category : Business & Economics
Languages : en
Pages : 708

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Book Description
The twenty-one contributions in this book assess the controversy surrounding the Fund and provide judgments about the criteria for Fund lending which should help readers understand and analyze both its ongoing role in smoothing adjustment to international payments imbalances and its currently critical position in responding to the debt crisis.

Conditionality in Evolving Monetary Policy Regimes

Conditionality in Evolving Monetary Policy Regimes PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498343694
Category : Business & Economics
Languages : en
Pages : 61

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Book Description
With single-digit inflation and substantial financial deepening, developing countries are adopting more flexible and forward-looking monetary policy frameworks and ascribing a greater role to policy interest rates and inflation objectives. While some countries have adopted formal inflation targeting regimes, others have developed frameworks with greater target flexibility to accommodate changing money demand, use of policy rates to signal the monetary policy stance, and implicit inflation targets.

Law and Policy of IMF Conditionality

Law and Policy of IMF Conditionality PDF Author: Erik M.G. Denters
Publisher: BRILL
ISBN: 9004634703
Category : Business & Economics
Languages : en
Pages : 310

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Book Description
IMF conditionality has been severely criticised by developing countries, who accuse the Fund of unjustly provoking political turmoil and causing poverty. This refers to the policies that a member country is required to follow in order to be able to use the Fund's resources. Conditionality is legally based on the requirement to adopt `adequate safeguards' for the use of resources as stipulated by the IMF's Articles of Agreement. This work focuses on legal implications and policy aspects and, more specifically, on the question of how far-reaching the requirement of `adequate safeguards' may be. Furthermore, the author demonstrates that conditionality is also affected by cooperative arrangements with other institutions, such as the World Bank and United Nations. A major conclusion is that there should be improvements in cooperation and in the monitoring of the application of Fund law on conditionality. Scholars and students who take a deep interest in international economic relations will find this book a unique opportunity to study the legal framework of conditionality. Government officials preparing for negotiations with the Fund will also benefit from reading this work.

The IMF and the Future

The IMF and the Future PDF Author: Graham Bird
Publisher: Routledge
ISBN: 1134700776
Category : Business & Economics
Languages : en
Pages : 318

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Book Description
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.

On Being Grandmotherly, the Evolution of IMF Conditionality

On Being Grandmotherly, the Evolution of IMF Conditionality PDF Author: Sidney Dell
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 48

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Book Description


The IMF Monetary Model At Forty

The IMF Monetary Model At Forty PDF Author: J. J. Polak
Publisher: International Monetary Fund
ISBN: 1451846800
Category : Business & Economics
Languages : en
Pages : 21

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Book Description
A model reflecting the monetary approach to the balance of payments was developed in the International Monetary Fund (IMF) in the 1950s. Its purpose was to integrate monetary, income, and balance of payments analysis, and it became the basis of the conditionality applied to IMF credits. Extremely simple, with primary focus on the balance of payments effects of credit creation by the banking system, the model has retained its usefulness for policy purposes over time, as it was adapted to changes in member countries’ priorities and in the international monetary system, in particular the disappearance of the par value system.

The IMF and the Silent Revolution

The IMF and the Silent Revolution PDF Author: Mr.James M. Boughton
Publisher: International Monetary Fund
ISBN: 9781557759702
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.

Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development

Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development PDF Author: Imad A Moosa
Publisher: World Scientific
ISBN: 9811236798
Category : Business & Economics
Languages : en
Pages : 371

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Book Description
The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the 'ten commandments') are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights).The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as 'polemic', the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries.