The International Monetary Fund in the global economy : banks, bonds, and bailouts / Mark S. Copelovitch.

Format:

Book

Author/Creator:

Copelovitch, Mark S., 1975-

Language:

English

Subjects (All):

International Monetary Fund.

International economic relations.

Globalization.

Policy sciences.

Physical Description:

xviii, 375 pages : illustrations ; 24 cm

Place of Publication:

Cambridge ; New York : Cambridge University Press, 2010.

Summary:

"The explosive growth and increasing complexity of global financial markets are defining characteristics of the contemporary world economy. Unfortunately, financial globalization has been accompanied by a marked increase in the frequency and severity of financial crises. The International Monetary Fund (IMF) has taken a central role in managing these crises through its loans to developing countries. Despite extensive analysis and criticism of the IMF in recent years, key questions remain unanswered. Why does the Fund treat some countries more generously than others? To what extent is IMF lending driven by political factors rather than economic concerns? In whose interests does the IMF act? In this book, Mark Copelovitch offers novel answers to these questions. Combining statistical analysis with detailed case studies, he demonstrates how the politics and policies of the IMF have evolved over the last three decades in response to fundamental changes in the composition of international capital flows"--Provided by publisher.

Contents:

The International Monetary Fund in the global economy

Global finance and the politics of IMF lending: theory

- Global finance and the politics of IMF lending: evidence

Global finance and IMF lending to Mexico, 1983-1995

Global finance and IMF lending to Korea, 1983-1997.

Notes:

Includes bibliographical references (pages 350-362) and index.

ISBN:

9780521194334

0521194334

9780521143585

0521143586

OCLC:

468978414

Online:

Contributor biographical information

Publisher description