The International Monetary Fund and the Developing Countries: A Critical Evaluation / Sebastian Edwards.

Format:

Book

Author/Creator:

Edwards, Sebastian.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w2909.

NBER working paper series no. w2909

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The International Monetary Fund and the Developing Countries

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1989.

Summary:

The purpose of this paper is to critically evaluate the IMF's role in the developing countries' adjustment process. In particular, the paper tries to answer the following questions: What model or framework does the IMF use to generate its advice, and is that advice eclectic? Is there evidence that countries that followed the IMF's advice do better than countries that proceed in other ways? Are the policy decisions of the Fund based on technical knowledge or do they reflect the political views of the larger members? Is the IMF position regarding the debt crisis conducive to a realistic solution? What can we expect from the Fund in the future? The paper also includes an evaluation of recent IMF programs, as well as an econometric analysis of the contractionary devaluation issue.

Notes:

Print version record

March 1989.