Fund Supported Adjustment Programs And Economic Growth PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Fund Supported Adjustment Programs And Economic Growth PDF full book. Access full book title Fund Supported Adjustment Programs And Economic Growth.
Author | : Mr.Mohsin S. Khan |
Publisher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 1985-11-15 |
Genre | : Business & Economics |
ISBN | : 9780939934553 |
Download Fund Supported Adjustment Programs and Economic Growth Book in PDF, ePub and Kindle
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.
Author | : IMF. |
Publisher | : |
Total Pages | : |
Release | : 1985 |
Genre | : |
ISBN | : |
Download Fund-Supported Adjustment Programs and Economic Growth Book in PDF, ePub and Kindle
Author | : Mr.Morris Goldstein |
Publisher | : International Monetary Fund |
Total Pages | : 66 |
Release | : 1986-03-19 |
Genre | : Business & Economics |
ISBN | : 9780939934577 |
Download The Global Effects of Fund-Supported Adjustment Programs Book in PDF, ePub and Kindle
This is the second of a group of papers dealing with various aspects of Fund-supported adjustment Programs.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 1988-12-23 |
Genre | : Business & Economics |
ISBN | : 1451943822 |
Download The Macroeconomic Effects of Fund-Supported Adjustment Programs Book in PDF, ePub and Kindle
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.
Author | : International Monetary Fund. Independent Evaluation Office |
Publisher | : International Monetary Fund |
Total Pages | : 116 |
Release | : 2021-09-09 |
Genre | : Business & Economics |
ISBN | : 1513594478 |
Download Growth and Adjustment in IMF-Supported Programs Book in PDF, ePub and Kindle
This evaluation assesses how well IMF-supported programs helped to sustain economic growth while delivering adjustment needed for external viability over the period 2008–19. The evaluation finds that the Fund’s increasing attention to growth in the programs has delivered some positive results. Specifically, it does not find evidence of a consistent bias towards excessive austerity in IMF-supported programs. Indeed, programs have yielded growth benefits relative to a counterfactual of no Fund engagement and boosted post-program growth performance. Notwithstanding these positive findings, program growth outcomes consistently fell short of program projections. Such shortfalls imply less protection of incomes than intended, fuel adjustment fatigue and public opposition to reforms, and jeopardize progress towards external viability. The evaluation examines how different policy instruments were applied to support better growth outcomes while achieving needed adjustment. Fiscal policies typically incorporated growth-friendly measures but with mixed success. Despite some success in promoting reforms and growth, structural conditionalities were of relatively low depth and their potential growth benefits were not fully realized. Use of the exchange rate as a policy tool to support growth and external adjustment during programs was quite limited. Lastly, market debt operations were useful in some cases to restore debt sustainability and renew market access, yet sometimes were too little and too late to deliver the intended benefits. The evaluation concludes that the IMF should seek to further enhance program countries’ capacity to sustain activity while undertaking needed adjustment during the program and to enhance growth prospects beyond the program. Following this conclusion, the report sets out three recommendations aimed at strengthening attention to growth implications of IMF-supported programs, including the social and distributional consequences.
Author | : Innocent N. Abiaka |
Publisher | : |
Total Pages | : 242 |
Release | : 1991 |
Genre | : Basic needs |
ISBN | : |
Download Basic Needs, Development and International Monetary Fund- Supported Adjustment Programs Book in PDF, ePub and Kindle
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 1998-12-01 |
Genre | : Business & Economics |
ISBN | : 1451858310 |
Download Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence Book in PDF, ePub and Kindle
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.
Author | : Vittorio Corbo |
Publisher | : |
Total Pages | : 560 |
Release | : 1987 |
Genre | : Economic development |
ISBN | : |
Download Growth-oriented Adjustment Programs Book in PDF, ePub and Kindle
This report presents the proceeding of a symposium on growth-oriented adjustment programs that was organized jointly by the International Monetary Fund and the World Bank and held in Washington on February 25-27, 1987. The purpose of this symposium was to review the design of, and scrutinize the economic rationale behind adjustment programs supported by the Bank and the Fund, and to examine how best to help developing countries achieve balance of payments stability with sustainable economic growth. The report includes opening remarks from then Bank President, Barber Conable and Fund Managing Director, Michel Camdessus, as well as written proceedings from all sessions presented. Session topics included: World Bank programs for Adjustment and Growth; Adjustment and Economic Growth - their fundamental complementarity; Economic Stabilization and Structural Adjustment - the case of Turkey; Economic Growth and Economic Policy; Adjustment in Latin America, 1981-86; Outward Orientation - trade issues; Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs; Agricultural Structural Policies; Growth-Oriented Adjustment Programs - fiscal policy issues; The Role of External Private Capital Flows; Official Financing and Growth-Oriented Structural Adjustment; and a Round Table Discussion.
Author | : James M. Boughton |
Publisher | : Oxford University Press, USA |
Total Pages | : 330 |
Release | : 2009-06-25 |
Genre | : Business & Economics |
ISBN | : 019923986X |
Download Finance, Development, and the IMF Book in PDF, ePub and Kindle
This book seeks to provide objective analysis of the role and effectiveness of multilaterals in general and the IMF and World Bank in particular. The IMF is a multilateral financial institution with a mandate to promote financial and macroeconomic stability, cooperative economic policies, and a balanced growth of international trade. More than two fifths of its 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reduction of poverty are the most important economic challenges that these countries face, how can the IMF best help them? How can the imperative of macroeconomic and financial stability be reconciled with the requirements for sustained economic growth? This volume brings together the research of leading economists, political scientists, and historians to suggest ways for the IMF to address these issues effectively.
Author | : Mr.Christian Mumssen |
Publisher | : International Monetary Fund |
Total Pages | : 64 |
Release | : 2014-01-15 |
Genre | : Business & Economics |
ISBN | : 1484359437 |
Download IMF-Supported Programs in Low Income Countries Book in PDF, ePub and Kindle
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.