Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451858310
Total Pages : 29 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence by : International Monetary Fund

Download or read book Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-12-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance, lower inflation, and higher growth. These studies use a variety of methodologies and cover different country samples and time periods. This paper critically surveys the evidence yielded by the cross-country studies, paying special attention to the pros and cons of the respective empirical methodologies employed. These studies, particularly the more recent ones, conclude that IMF-supported programs have generally been successful in stabilizing the economy.

Do Imf-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Do Imf-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence by : Nadeem Ul Haque

Download or read book Do Imf-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence written by Nadeem Ul Haque and published by . This book was released on 2014 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance, lower inflation, and higher growth. These studies use a variety of methodologies and cover different country samples and time periods. This paper critically surveys the evidence yielded by the cross-country studies, paying special attention to the pros and cons of the respective empirical methodologies employed. These studies, particularly the more recent ones, conclude that IMF-supported programs have generally been successful in stabilizing the economy.

Do IMF Supported Programs Work? A Survey of the Cross-country Empirical Evidence Mohsin Khan

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (96 download)

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Book Synopsis Do IMF Supported Programs Work? A Survey of the Cross-country Empirical Evidence Mohsin Khan by : Nadeem Ul Haque

Download or read book Do IMF Supported Programs Work? A Survey of the Cross-country Empirical Evidence Mohsin Khan written by Nadeem Ul Haque and published by . This book was released on 1998 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF-Supported Programs

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781589063617
Total Pages : 184 pages
Book Rating : 4.0/5 (636 download)

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Book Synopsis IMF-Supported Programs by : Mr.Ashoka Mody

Download or read book IMF-Supported Programs written by Mr.Ashoka Mody and published by International Monetary Fund. This book was released on 2006-04-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.

Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498344062
Total Pages : 74 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by : International Monetary Fund

Download or read book Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-23 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.

Conditionality in Evolving Monetary Policy Regimes

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498343694
Total Pages : 61 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Conditionality in Evolving Monetary Policy Regimes by : International Monetary Fund

Download or read book Conditionality in Evolving Monetary Policy Regimes written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-05-03 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

International Monetary Fund Annual Report 2019 Financial Statements

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Publisher : International Monetary Fund
ISBN 13 : 1513511726
Total Pages : 122 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2019 Financial Statements by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 2019 Financial Statements written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-10-04 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018

Is Transparency Good for You, and Can the IMF Help?

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Publisher : International Monetary Fund
ISBN 13 : 1451855400
Total Pages : 48 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Is Transparency Good for You, and Can the IMF Help? by : Yongseok Shin

Download or read book Is Transparency Good for You, and Can the IMF Help? written by Yongseok Shin and published by International Monetary Fund. This book was released on 2003-06-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper finds that reforms introduced by the IMF to promote transparency have created more informed markets and reduced borrowing costs for those emerging market countries that volunteered for them. Using a quarterly panel estimation with fixed country effects, we find that sovereign spreads fall following the adoption of three different transparency reforms. The effects are economically important, especially for those countries with low initial transparency. We use two-stage least squares to address any endogeneity in the timing of reforms exploiting internal IMF timetables that are unrelated to country events. Next, using a panel GARCH specification, we show that spreads move more than normal in the days immediately following publication of IMF country documents.

How Useful Are Benefit Incidence Analyses of Public Education and Health Spending

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Publisher : International Monetary Fund
ISBN 13 : 1451875436
Total Pages : 49 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis How Useful Are Benefit Incidence Analyses of Public Education and Health Spending by : Sawitree S. Asawanuchit

Download or read book How Useful Are Benefit Incidence Analyses of Public Education and Health Spending written by Sawitree S. Asawanuchit and published by International Monetary Fund. This book was released on 2003-11-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a primer on benefit incidence analysis (BIA) for macroeconomists and a new data set on the benefit incidence of education and health spending covering 56 countries over 1960-2000, representing a significant improvement in quality and coverage over existing compilations. The paper demonstrates the usefulness of BIA in two dimensions. First, the paper finds, among other things, that overall education and health spending are poorly targeted; benefits from primary education and primary health care go disproportionately to the middle class, particularly in sub-Saharan Africa, HIPCs and transition economies; but targeting has improved in the 1990s. Second, simple measures of association show that countries with a more propoor incidence of education and health spending tend to have better education and health outcomes, good governance, high per capita income, and wider accessibility to information. The paper explores policy implications of these findings.

The IMF Approach to Economic Stabilization

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Publisher : International Monetary Fund
ISBN 13 : 1451852746
Total Pages : 43 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The IMF Approach to Economic Stabilization by : Mr.Michael Mussa

Download or read book The IMF Approach to Economic Stabilization written by Mr.Michael Mussa and published by International Monetary Fund. This book was released on 1999-07-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of “financial programming,” and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases.

The Effectiveness of Fiscal Policy in Stimulating Economic Activity

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Effectiveness of Fiscal Policy in Stimulating Economic Activity by : Richard Hemming

Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

A Strategy for IMF Engagement on Social Spending

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498318886
Total Pages : 56 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis A Strategy for IMF Engagement on Social Spending by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book A Strategy for IMF Engagement on Social Spending written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2019-06-14 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest in social spending issues has intensified over the last decade. This reflects concerns about rising inequality and the need to support vulnerable groups, especially in the aftermath of the global financial crisis. In line with this, the Fund has also increased its engagement on social spending issues. This paper outlines a strategy to guide IMF engagement on social spending issues going forward.

Deciphering the European Investment Bank

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000596400
Total Pages : 357 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Deciphering the European Investment Bank by : Lucia Coppolaro

Download or read book Deciphering the European Investment Bank written by Lucia Coppolaro and published by Taylor & Francis. This book was released on 2022-06-07 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deciphering the European Investment Bank: History, Politics and Economics examines the European Investment Bank (EIB), the European Union’s financial institution and the largest lender and borrower among the International Financial Institutions. Since its establishment in 1958, the EIB has developed without becoming front-page news and has remained highly invisible. By putting together 14 chapters that analyze topical and meaningful moments and aspects of the bank, this edited book offers the first comprehensive analysis of its origins and its evolution in terms of its mandate, governance, structures, policy activity, and performance. Written by acknowledged experts from various disciplines, the chapters weave together history, economics, law, and political science to provide a multidisciplinary examination and capture the complexity of the EIB. The book is a timely initiative for understanding the EIB, whose role has been ever increasing for contributing to the recent global economic challenges, including the economic and financial crisis, climate change, and COVID-19 pandemic. The chapters are written at a level which will be comprehensible to undergraduates in economics, history, and international political economy. It will also be a valuable source of reference for academics, policy makers, bankers, and other practitioners interested in regional development banks and their role in the global economy.

Handbook of Monetary Economics

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Author :
Publisher : Elsevier
ISBN 13 : 0444534547
Total Pages : 971 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Monetary Economics by : Benjamin M. Friedman

Download or read book Handbook of Monetary Economics written by Benjamin M. Friedman and published by Elsevier. This book was released on 2010-11-16 with total page 971 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What tools are available for setting and analyzing monetary policy? World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship." [source : 4e de couv.].

Handbook of Monetary Economics Vols 3A+3B Set

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Author :
Publisher : Newnes
ISBN 13 : 0444534709
Total Pages : 1729 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Monetary Economics Vols 3A+3B Set by : Benjamin M. Friedman

Download or read book Handbook of Monetary Economics Vols 3A+3B Set written by Benjamin M. Friedman and published by Newnes. This book was released on 1990 with total page 1729 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully at recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. They also reexamine standard presumptions about the rationality of asset markets and other fundamentals. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis Explores the policies and practices used in formulating and transmitting monetary policies Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years

The IMF, World Bank and Policy Reform

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Author :
Publisher : Routledge
ISBN 13 : 1134259247
Total Pages : 429 pages
Book Rating : 4.1/5 (342 download)

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Book Synopsis The IMF, World Bank and Policy Reform by : Alberto Paloni

Download or read book The IMF, World Bank and Policy Reform written by Alberto Paloni and published by Routledge. This book was released on 2012-10-12 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate on whether or not the International Monetary Fund and World Bank and their intervention strategies are a positive force for change in the developing world continues to rage. Featuring both macroeconomic and microeconomic approaches, this book brings together an international team of contributors and centres upon three broad themes: the ideology of the IMF and World Bank poverty reduction conditionality. In exploring these themes, this book will be a valuable reference for postgraduate students and professionals in the fields of development studies and political economy.

Global Waves of Debt

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.