Do IMF-Supported Programs Work? [electronic resource] : A Survey of the Cross-Country Empirical Evidence.
- Washington, D.C. : International Monetary Fund, 1998.
- IMF eLibrary
IMF Working Papers; Working Paper No. 98/169.
IMF Working Papers; Working Paper No. 98/169
- Government document
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.
Current account balance.
Current account deficit.
- 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.
- Description based on print version record.
- International Monetary Fund
- Other format:
- Print Version:
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- Access Restriction:
- Restricted for use by site license.
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