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Section B) Global governance and international organizations |
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Bird Graham, Rowlands Dane
The International Monetary Fund. Distinguishing Reality from Rhetoric
Ed.
Edward Elgar
,
Cheltenham/Northampton, MA
,
2016
Page 256 ISBN 978 0 85793 969 2
| There is no shortage of opinion about the International Monetary Fund (IMF). Some see it as the agent of austerity, being manipulated by wealthy nations and forcing poorer countries to pursue economic policies that suppress growth and development. A sharply contrasting view regards it as bailing out such countries with large amounts of soft finance, allowing them to avoid necessary adjustment. The challenge is to evaluate the alternative arguments and to distinguish reality from rhetoric. In this book, the authors undertake a careful and detailed empirical analysis of the underlying issues, covering participation in IMF programs, their implementation and effects on economic growth, and on the willingness of international capital markets to lend. |
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