Finance, development, and the IMF / James M. Boughton and Domenico Lombardi (editors).

Format:

Book

Contributor:

Boughton, James M.

Lombardi, Domenico.

Language:

English

Subjects (All):

International Monetary Fund.

Economic development.

Economic assistance.

Physical Description:

1 online resource (330 p.)

Place of Publication:

Oxford : Oxford University Press, c2009.

Language Note:

English

Summary:

This book provides an assessment of the role of the International Monetary Fund in poor countries. In recent years, a large portion of the work of the IMF has focused on the economies of low-income countries by aiming to create conditions conducive to poverty reduction and stable economic growth. More than two fifths of the IMF's 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reductionof poverty are the most important economic challenges that these countries face, how can the IMF best help them?

Contents:

Contents; List of Abbreviations; Part I. Introduction; 1. The Role of the IMF in Low-Income Countries; I. Introduction; II. History and nature of the role of the IMF in low-income countries; III. IMF policies and financing in low-income countries; IV. The role of low-income member countries in the governance of the IMF; V. Concluding observations; Part II. History and Nature of the Role of the IMF in Low-Income Countries; 2. Bretton Woods and the Debate about Development; I. Introduction; II. Bretton Woods; III. The clash of ideas; IV. The sociology of politics

V. Managing the international financial systemVI. Approaching the international system; VII. More than balance of payments; VIII. The first red herring: commodities; IX. The second red herring: reserves; X. Conclusion: the preconditions of policy reform; XI. References; 3. Lending to and for the Poor: How the IMF's Role Has Evolved; I. Introduction; II. Lending to the poor; III. Lending for the poor; IV. Concluding observations; V. References; 4. The Case for a Universal Financial Institution; I. The evolution of the IMF and its membership; II. Financial classification of countries

III. The modern role of the IMFIV. Concluding thoughts; V. References; 5. The Role of the IMF in Low-Income Countries: An Institutional Approach; I. Introduction; II. Understanding the role of the IMF in low-income member countries; III. Lending policies for low-income member countries; IV. Challenging aspects of IMF lending policies; V. IMF surveillance; VI. Challenging aspects of IMF surveillance; VII. Concluding remarks; VIII. References; Appendix; Part III. IMF Policies and Financing in Low-Income Countries; 6. Financier or Facilitator? The Changing Role of the IMF in Low-Income Countries

I. IntroductionII. IMF arrangements in low-income countries; III. What motivates IMF programs in low-income countries?; IV. Balance of payments strategy in low-income countries: in pursuit of the optimum blend of adjustment and external financing; V. Assessing the IMF's role in pursuing the optimum blend; VI. Relaxing the external financing constraint: the IMF and foreign aid; VII. Is the role of the IMF in low-income countries changing?; VIII. Should the Fund retain an independent financing role in low-income countries?; IX. Concluding remarks; X. References

7. The IMF's Approach to Macroeconomic Policy in Low-Income CountriesI. Introduction; II. The pros and cons of IMF loans to low-income countries; III. Towards a more flexible macroeconomic approach; IV. Debt sustainability; V. Technical assistance; VI. Conclusion; VII. References; 8. Signaling, Aid, and IMF Financial Arrangements for Low-Income Countries; I. Introduction; II. The IMF ""seal of approval"": rationale and implications; III. The financing gap; IV. Conclusions; V. References; 9. Debt Relief in Low-Income Countries: Background, Evolution, and Effects; I. Introduction

II. What are ""debt problems""? And why do they arise?

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786612349171

1-282-34917-1

0-19-155366-2

OCLC:

466420485