The Macroeconomic Effects of Fund-Supported Adjustment Programs

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451943822
Total Pages : 40 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis The Macroeconomic Effects of Fund-Supported Adjustment Programs by : International Monetary Fund

Download or read book The Macroeconomic Effects of Fund-Supported Adjustment Programs written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-12-23 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

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.

Fund Supported Adjustment Programs and Economic Growth

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Publisher : International Monetary Fund
ISBN 13 : 9780939934553
Total Pages : 44 pages
Book Rating : 4.9/5 (345 download)

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Book Synopsis Fund Supported Adjustment Programs and Economic Growth by : Mr.Mohsin S. Khan

Download or read book Fund Supported Adjustment Programs and Economic Growth written by Mr.Mohsin S. Khan and published by International Monetary Fund. This book was released on 1985-11-15 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first of a group of papers dealing with various aspects of Fund-supported adjustment programs. The other two, The Global Effects of Fund-supported Adjustment Programs by Morris Goldstein and Fund-Supported Programs, Fiscal Policy, and Income Distribution by the Fiscal Affairs Department, will also be published in the Fund's Occasional Paper Series.

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.

IMF Staff papers, Volume 37 No. 2

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Publisher : International Monetary Fund
ISBN 13 : 1451947062
Total Pages : 263 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 37 No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 37 No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1990-01-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the macroeconomic effects of IMF-supported adjustment programs. The evidence is reviewed for such effects, and new estimates are provided of these effects for 69 developing countries with programs during 1973–88. The empirical analysis indicates that in the short term, programs have led to an improvement in the current account and the balance of payments, a lowering of inflation, and a decline in growth. In the longer term, the positive effects of programs on the external balance and inflation are strengthened, and the adverse growth effects reduced.

The Implications of Fund Supported Adjustment Programs for Poverty

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1462384897
Total Pages : 52 pages
Book Rating : 4.4/5 (623 download)

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Book Synopsis The Implications of Fund Supported Adjustment Programs for Poverty by : International Monetary Fund

Download or read book The Implications of Fund Supported Adjustment Programs for Poverty written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-05-05 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a study that examines the impact on poverty groups of the policy measures adopted under IMF-supported adjustment programs in seven countries. It examines the implications for various poverty groups of broad objectives, targets, and policies of the programs in the specific economic settings of the countries concerned. The paper describes the methodology used in the study, and summarizes the results of the study with regard to the distributional implications of the principal macroeconomic policy instruments adopted in connection with the programs.

The Implications of Fund Supported Adjustment Programs for Poverty

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557750136
Total Pages : 52 pages
Book Rating : 4.7/5 (51 download)

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Book Synopsis The Implications of Fund Supported Adjustment Programs for Poverty by : International Monetary Fund

Download or read book The Implications of Fund Supported Adjustment Programs for Poverty written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-05-05 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a study that focuses on specific adjustment programs for limited periods and is aimed largely at analyzing the short-run implications of the policy measures. The longer run implications are also discussed whenever relevant, since much of the rationale for policies and many of the beneficial effects on the poor are likely to be realized over time. The study also notes any compensatory targeting measures oriented to the poor, together with their implications for the adjustment efforts and the political viability of the programs. These analyses may provide lessons for improving the design of future adjustment programs. The chapter also summarizes the sample countries and programs; and describes the methodology used in the study. The results of the study suggest that adjustment programs in general have important distributional implications. During the process of adjustment, it is inevitable that some social groups gain while others lose, particularly when adjustment is aimed at a shift in sectoral resource allocation.

IMF-Supported Programs

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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.

Macroeconomic and Structural Policies in Fund-Supported Programs - Review of Experience

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498330002
Total Pages : 66 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Macroeconomic and Structural Policies in Fund-Supported Programs - Review of Experience by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Macroeconomic and Structural Policies in Fund-Supported Programs - Review of Experience written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2004-11-24 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Fund-supported program is a package of envisaged policies which, combined with approved financing, is expected to achieve certain economic objectives such as fostering macroeconomic stability and orderly external adjustment, promoting growth and poverty reduction, and reducing vulnerability to future balance of payments problems or financial crises. This paper reviews experience with specific macroeconomic and structural policies intended to achieve these objectives.

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:

Fund-Supported Programs, Fiscal Policy, and Income Distribution

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9780939934645
Total Pages : 70 pages
Book Rating : 4.9/5 (346 download)

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Book Synopsis Fund-Supported Programs, Fiscal Policy, and Income Distribution by : International Monetary Fund

Download or read book Fund-Supported Programs, Fiscal Policy, and Income Distribution written by International Monetary Fund and published by International Monetary Fund. This book was released on 1986-09-15 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the third in a group of three papers dealing with various aspects of Fund-supported adjustment programs.

IMF Staff Papers, Volume 49, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 9781589061224
Total Pages : 260 pages
Book Rating : 4.0/5 (612 download)

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Book Synopsis IMF Staff Papers, Volume 49, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 49, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2002-09-23 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.

Growth-Oriented Adjustment. Programs

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451962827
Total Pages : 40 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Growth-Oriented Adjustment. Programs by : International Monetary Fund

Download or read book Growth-Oriented Adjustment. Programs written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-07-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper suggests a conceptual framework that can serve as a basis for the design of growth-oriented adjustment programs. The two building blocks of the model are the well-known monetary approach to the balance of payments, and a variant of the open-economy neoclassical growth model. The integrated model combines growth, inflation, and the balance of payments, and links these objectives to government policies and the availability of foreign financing. The principal advantage of the proposed framework is its simplicity, which enables it to be applied relatively easily to a variety of developing countries.

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.

Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment

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Publisher : International Monetary Fund
ISBN 13 : 145187555X
Total Pages : 36 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment by : Roberto Benelli

Download or read book Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment written by Roberto Benelli and published by International Monetary Fund. This book was released on 2003-11-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: I analyze empirically whether program size (the size of financial assistance) and policy adjustment matter for the success of IMF-supported programs. I define a program as successful if the initial program projections for net private capital flows are met or exceeded. I find that success is negatively associated with the size of financial assistance, especially in countries with market access, and that projection biases binding constraints on the amount of IMF lending may account for this association. Moreover, policy adjustment seems to have a causal positive effect on the likelihood of program success.

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.

Fiscal Adjustment in IMF-Supported Programs

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1589062744
Total Pages : 128 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Fiscal Adjustment in IMF-Supported Programs by : International Monetary Fund. Independent Evaluation Office

Download or read book Fiscal Adjustment in IMF-Supported Programs written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2003-11-17 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.