Download or read book The Macroeconomic Effects of Fund Supported Adjustment Programs written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-12-23 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Global Effects of Fund Supported Adjustment Programs written by Mr.Morris Goldstein and published by International Monetary Fund. This book was released on 1986-03-19 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second of a group of papers dealing with various aspects of Fund-supported adjustment Programs.
Download or read book The Macroeconomic Effects of Fund supported Adjustment Programs written by Mohsin S. Khan and published by . This book was released on 1988 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fund Supported Adjustment Programs and Economic Growth written by Mr.Mohsin S. Khan and published by International Monetary Fund. This book was released on 1985-11-15 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book IMF Staff papers Volume 37 No 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1990-01-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the macroeconomic effects of IMF-supported adjustment programs. The evidence is reviewed for such effects, and new estimates are provided of these effects for 69 developing countries with programs during 1973–88. The empirical analysis indicates that in the short term, programs have led to an improvement in the current account and the balance of payments, a lowering of inflation, and a decline in growth. In the longer term, the positive effects of programs on the external balance and inflation are strengthened, and the adverse growth effects reduced.
Download or read book Do IMF Supported Programs Work A Survey of the Cross Country Empirical Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-12-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book IMF Supported Programs written by Mr.Ashoka Mody and published by International Monetary Fund. This book was released on 2006-04-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.
Download or read book The Implications of Fund Supported Adjustment Programs for Poverty written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-05-05 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a study that examines the impact on poverty groups of the policy measures adopted under IMF-supported adjustment programs in seven countries. It examines the implications for various poverty groups of broad objectives, targets, and policies of the programs in the specific economic settings of the countries concerned. The paper describes the methodology used in the study, and summarizes the results of the study with regard to the distributional implications of the principal macroeconomic policy instruments adopted in connection with the programs.
Download or read book The Implications of Fund Supported Adjustment Programs for Poverty written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-05-05 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a study that focuses on specific adjustment programs for limited periods and is aimed largely at analyzing the short-run implications of the policy measures. The longer run implications are also discussed whenever relevant, since much of the rationale for policies and many of the beneficial effects on the poor are likely to be realized over time. The study also notes any compensatory targeting measures oriented to the poor, together with their implications for the adjustment efforts and the political viability of the programs. These analyses may provide lessons for improving the design of future adjustment programs. The chapter also summarizes the sample countries and programs; and describes the methodology used in the study. The results of the study suggest that adjustment programs in general have important distributional implications. During the process of adjustment, it is inevitable that some social groups gain while others lose, particularly when adjustment is aimed at a shift in sectoral resource allocation.
Download or read book The Effects of Fund Supported Adjustment Programs in African Countries 1973 86 written by Joshua Eli Greene and published by . This book was released on 2006 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study applies statistical analysis to estimate the macroeconomic effects of Fund-supported adjustment programs on African countries during the period 1973-86. The results indicate that inflation fell significantly in countries with adjustment programs that were implemented satisfactorily. The effect of adjustment programs on most other aspects of economic performance was statistically insignificant, although there was some indication that programs led to an improved current account balance and, in cases of high implementation, a rise in economic growth.
Download or read book Macroeconomic and Structural Policies in Fund Supported Programs Review of Experience written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2004-11-24 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Fund-supported program is a package of envisaged policies which, combined with approved financing, is expected to achieve certain economic objectives such as fostering macroeconomic stability and orderly external adjustment, promoting growth and poverty reduction, and reducing vulnerability to future balance of payments problems or financial crises. This paper reviews experience with specific macroeconomic and structural policies intended to achieve these objectives.
Download or read book The Effects of Fund supported Adjustment Programs written by and published by . This book was released on 1986 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Macroeconomic Effects of Fund supported Adjustment written by Mohsin S. Khan and published by . This book was released on 1988 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth Oriented Adjustment Programs written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-07-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper suggests a conceptual framework that can serve as a basis for the design of growth-oriented adjustment programs. The two building blocks of the model are the well-known monetary approach to the balance of payments, and a variant of the open-economy neoclassical growth model. The integrated model combines growth, inflation, and the balance of payments, and links these objectives to government policies and the availability of foreign financing. The principal advantage of the proposed framework is its simplicity, which enables it to be applied relatively easily to a variety of developing countries.
Download or read book Do IMF Supported Programs Boost Private Capital Inflows the Role of Program Size and Policy Adjustment written by Roberto Benelli and published by International Monetary Fund. This book was released on 2003-11-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: I analyze empirically whether program size (the size of financial assistance) and policy adjustment matter for the success of IMF-supported programs. I define a program as successful if the initial program projections for net private capital flows are met or exceeded. I find that success is negatively associated with the size of financial assistance, especially in countries with market access, and that projection biases binding constraints on the amount of IMF lending may account for this association. Moreover, policy adjustment seems to have a causal positive effect on the likelihood of program success.
Download or read book Growth and Adjustment in IMF Supported Programs written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2021-09-09 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Structural Adjustment and Macroeconomic Policy Issues written by V. A. Jafarey and published by International Monetary Fund. This book was released on 1992-06-15 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the proceedings of a conference, moderated by V.A. Jafarey, held in Lahore, Pakistan. papers given at the seminar addressed fiscal reform, monetary reform, privatization, and trade liberalization in the context of IMF-supported adjustment programs, with emphasis on the Pakistani experience.
