Franklin

Do IMF-Supported Programs Work? [electronic resource] : A Survey of the Cross-Country Empirical Evidence.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 1998.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 98/169.
IMF Working Papers; Working Paper No. 98/169
Format/Description:
Government document
Book
1 online resource (28 p.)
Local subjects:
Balance of payments.
Balance of payments adjustment.
Balance of payments deficits.
Balance of payments need.
Balance of payments problems.
Credit tranche.
Credit tranches.
Current account.
Current account balance.
Current account deficit.
External shocks.
Foreign debt.
Canada.
Poland.
Summary:
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.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451858310:
9781451858310
ISSN:
1018-5941
Publisher Number:
10.5089/9781451858310.001
Access Restriction:
Restricted for use by site license.
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