IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings
Occasional Papers, September 26, 1995
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- IMF Conditionality: Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings
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Bibliographic details
- Authors: Louis Dicks-Mireaux, Miguel A Savastano, Adam Bennett, María Vicenta Carkovic S., Mauro Mecagni, James A John, Susan M Schadler
- Published: September 26, 1995
- Series: Occasional Papers
- DOI: https://doi.org/10.5089/9781557754929.084
Scope and focus
- Part I of a two-volume study evaluating the IMF's lending facilities.
- Focuses on IMF-supported programs and macroeconomic performance during 1988-92, reflecting information available through the end of 1993.
- Provides an overview of the experiences during the arrangements reviewed: it describes the initial conditions faced in these countries, the adjustment strategies adopted, the degree to which programs were implemented, and the extent of sustained adjustment experienced.
Key substantive themes and analytical focus
- Initial conditions faced by countries under IMF arrangements.
- Adjustment strategies adopted under Stand-by and Extended Arrangements.
- Degree of program implementation across reviewed arrangements.
- Extent of sustained adjustment experienced following programs.
Subject coverage and keywords (as listed)
- Subjects: Balance of payments, Capital inflows, Exchange rate anchor, Financial services, Fiscal consolidation, Fiscal policy, Inflation, Monetary policy, Prices, Real interest rates
- Keywords: Capital inflows, country, debt service, Eastern Europe, Europe, Exchange rate anchor, financing, Fiscal consolidation, fuel exporter, Global, high-inflation country, IMF support, Inflation, Middle East, OP, price liberalization, Real interest rates, structural adjustment, Sub-Saharan Africa, Western Hemisphere