The IMF and the future : issues and options facing the fund / / Graham Bird

• Record Nr.: UNINA9910809935703321
• Autore: Bird Graham R.
• Pubbl/distr/stampa: London ; ; New York : , : Routledge, , 2003
• ISBN: 1-134-70077-6; 0-203-75914-1; 1-134-70070-9
• Descrizione fisica: 1 online resource (314 p.)
• Collana: Priorities in development economics
• Disciplina: 332.1/52
• Soggetti: International finance
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover; Title; Copyright; Contents; List of figures; List of tables; Preface; Acknowledgements; 1 A suitable case for treatment?: understanding the ongoing debate about the IMF; 2 Borrowing from the IMF: the policy implications of recent empirical research; 3 IMF lending: how is it affected by economic, political and institutional factors?; 4 IMF programmes - do they work? Can they be made to work better?; 5 The effectiveness of conditionality and the political economy of policy reform: is it simply a matter of political will?; 6 IMF programmes: is there a conditionality Laffer curve?; 7 The credibility and signalling effect of IMF programmes8 The IMF's role in mobilizing international capital: is there a catalytic effect?; 9 Restructuring the IMF's lending facilities; 10 Resourcing the Fund: direct borrowing from private capital markets; 11 Crisis averter, crisis lender, crisis manager: the IMF in search of a systemic role; 12 The IMF and developing countries: a review of the evidence and policy options; 13 Political economy influences within the life cycle of IMF programmes; 14 The political economy of the SDR: the rise and fall of an international reserve asset; Index
• Sommario/riassunto: 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 inte