The Economic Impact of International Monetary Fund Programmes

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Author :
Publisher : Springer
ISBN 13 : 3319291785
Total Pages : 125 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis The Economic Impact of International Monetary Fund Programmes by : Omer Javed

Download or read book The Economic Impact of International Monetary Fund Programmes written by Omer Javed and published by Springer. This book was released on 2016-03-17 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the impact of International Monetary Fund (IMF) programmes on macroeconomic instability and economic growth in recipient countries. Employing the New Institutional Economics approach as an analytical framework, it identifies the determinants of economic and political institutional quality by taking into account a broad variety of indicators such as parliamentary forms of government, the aggregate governance level, civil and economic liberties, property rights etc. The book subsequently estimates the impact of these institutional determinants on real economic growth, both directly and also indirectly, through the channel of macroeconomic instability, in recipient countries. Moreover, it illustrates the effectiveness of IMF programmes in the case of Pakistan, a frequent user of IMF resources.

IMF-Supported Programs in Low Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484359437
Total Pages : 64 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF-Supported Programs in Low Income Countries by : Mr.Christian Mumssen

Download or read book IMF-Supported Programs in Low Income Countries written by Mr.Christian Mumssen and published by International Monetary Fund. This book was released on 2014-01-15 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.

The Economic Impact of IMF-Supported Programs in Low-Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484394712
Total Pages : 60 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Economic Impact of IMF-Supported Programs in Low-Income Countries by : Yasemin Bal-Gunduz

Download or read book The Economic Impact of IMF-Supported Programs in Low-Income Countries written by Yasemin Bal-Gunduz and published by International Monetary Fund. This book was released on 2013-10-04 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.

The Economic Impact of IMF-Supported Programs in Low-Income Countries

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Author :
Publisher :
ISBN 13 : 9781484386514
Total Pages : 0 pages
Book Rating : 4.3/5 (865 download)

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Book Synopsis The Economic Impact of IMF-Supported Programs in Low-Income Countries by : Yasemin Bal-Gunduz

Download or read book The Economic Impact of IMF-Supported Programs in Low-Income Countries written by Yasemin Bal-Gunduz and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.

International Monetary Fund Annual Report 2021

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513568817
Total Pages : 74 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis International Monetary Fund Annual Report 2021 by : International Monetary Fund. Secretary's Department

Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

The Case Against the International Monetary Fund

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Author :
Publisher : Hoover Press
ISBN 13 : 9780817943332
Total Pages : 40 pages
Book Rating : 4.9/5 (433 download)

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Book Synopsis The Case Against the International Monetary Fund by :

Download or read book The Case Against the International Monetary Fund written by and published by Hoover Press. This book was released on with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economic Impact of IMF-Supported Programs in Low-Income Countries

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781475559033
Total Pages : 60 pages
Book Rating : 4.5/5 (59 download)

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Book Synopsis The Economic Impact of IMF-Supported Programs in Low-Income Countries by : Yasemin Bal-Gunduz

Download or read book The Economic Impact of IMF-Supported Programs in Low-Income Countries written by Yasemin Bal-Gunduz and published by INTERNATIONAL MONETARY FUND. This book was released on 2013-10-04 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.

The IMF and Economic Development

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1107320291
Total Pages : 219 pages
Book Rating : 4.1/5 (73 download)

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Book Synopsis The IMF and Economic Development by : James Raymond Vreeland

Download or read book The IMF and Economic Development written by James Raymond Vreeland and published by Cambridge University Press. This book was released on 2003-03-03 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do governments turn to the International Monetary Fund (IMF) and with what effects? This book argues that governments enter IMF programs for economic and political reasons, and finds that the effects are negative on economic growth and income distribution. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. Note that if governments desiring conditions are more likely to participate, estimating program effects is not straightforward: one must control for the potentially unobserved political determinants of selection. This book addresses the selection problem using a dynamic bivariate version of the Heckman model analyzing cross-national time-series data. The main finding is that the negative effects of IMF programs on economic growth are mitigated for certain constituencies since programs also have distributional consequences. But IMF programs doubly hurt the least well off in society: they lower growth and shift the income distribution upward.

External Performance in Low-Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616350539
Total Pages : 72 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis External Performance in Low-Income Countries by : Mr.Alessandro Prati

Download or read book External Performance in Low-Income Countries written by Mr.Alessandro Prati and published by International Monetary Fund. This book was released on 2011-03-15 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and number of countries it covers, to estimate the relationship in low-income countries between a set of fundamentals in the medium to long term and the real effective exchange rate, the current account, and the net external assets position.

IMF Programmes in Developing Countries

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Author :
Publisher : Routledge
ISBN 13 : 113479195X
Total Pages : 225 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis IMF Programmes in Developing Countries by : Tony Killick

Download or read book IMF Programmes in Developing Countries written by Tony Killick and published by Routledge. This book was released on 2003-09-02 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Monetary Fund is the centre of a global financial system that encourages budgetary discipline and full integration into world trade to facilitate development and alleviate poverty. Yet this policy 'conditionality' of the IMF is highly controversial. Critics state that fifty years of IMF existence has been 'fifty years too long', and that its doctrinaire policy must change or Fund programmes will have only limited ability to achieve their objectives. This book examines the arguments, tracing the extent of Fund adaptation, presenting major new evidence on the consequences of Fund programmes, and considering its future role.

Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method

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Author :
Publisher : International Monetary Fund
ISBN 13 : 147559903X
Total Pages : 43 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method by : Ms.Monique Newiak

Download or read book Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method written by Ms.Monique Newiak and published by International Monetary Fund. This book was released on 2017-05-05 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, “PSIs”). This enables us to focus on the effects of IMF monitoring, advice, and approval (as opposed to direct financial assistance). In addition, countries with non-financial programs are typically not crisis-struck – thereby mitigating the reverse causality problem and facilitating the construction of counterfactuals. Results suggest that treated countries add about 1 percentage point in annual real GDP per capita growth, with inflation being lower by some 3 percentage points per year. While we do not find evidence for an impact on total investment and the resulting capital stock, PSI-treatment does seem to stimulate foreign direct investment.

The IMF and the Future

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Author :
Publisher : Routledge
ISBN 13 : 1134700709
Total Pages : 314 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis The IMF and the Future by : Graham Bird

Download or read book The IMF and the Future written by Graham Bird and published by Routledge. This book was released on 2014-05-01 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

World Economic Outlook, October 2020

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513556055
Total Pages : 203 pages
Book Rating : 4.5/5 (56 download)

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Book Synopsis World Economic Outlook, October 2020 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, October 2020 written by International Monetary Fund. Research Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-10-13 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

The Effect of International Monetary Fund and World Bank Programs on Poverty

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Author :
Publisher : World Bank Publications
ISBN 13 : 0202080110
Total Pages : 36 pages
Book Rating : 4.2/5 (2 download)

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Book Synopsis The Effect of International Monetary Fund and World Bank Programs on Poverty by : William Easterly

Download or read book The Effect of International Monetary Fund and World Bank Programs on Poverty written by William Easterly and published by World Bank Publications. This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is some evidence that IMF and World Bank adjustment lending smooths consumption for the poor, reducing the rise in poverty for any given contraction of the economy but also reducing the fall in poverty for any given expansion. Adjustment lending plays a similar role as inequality, reducing poverty's sensitivity to the economy's aggregate growth rate.

The Global Effects of Fund-Supported Adjustment Programs

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9780939934577
Total Pages : 66 pages
Book Rating : 4.9/5 (345 download)

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Book Synopsis The Global Effects of Fund-Supported Adjustment Programs by : Mr.Morris Goldstein

Download or read book The Global Effects of Fund-Supported Adjustment Programs written by Mr.Morris Goldstein and published by International Monetary Fund. This book was released on 1986-03-19 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second of a group of papers dealing with various aspects of Fund-supported adjustment Programs.

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

The Impact of IMF-Supported Programs on FDI in Low-income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513502344
Total Pages : 38 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Impact of IMF-Supported Programs on FDI in Low-income Countries by : Mr.Ali J Al-Sadiq

Download or read book The Impact of IMF-Supported Programs on FDI in Low-income Countries written by Mr.Ali J Al-Sadiq and published by International Monetary Fund. This book was released on 2015-07-16 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980–2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.