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Money Talks: The International Monetary Fund, Conditionality and Supplementary Financiers - Tapa dura

Gould, Erica R.

 
9780804752794: Money Talks: The International Monetary Fund, Conditionality and Supplementary Financiers

Sinopsis

analyzes the changes in conditions placed on International Monetary Fund loans to states over the last fifty years and argues that the changes can be explained by shifts in the sources of the IMF's funding.

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Acerca del autor

Erica Gould is Assistant Professor of Political Science at the University of Virginia.

De la contraportada

Money Talks argues that, contrary to conventional explanations, the changes in the terms of International Monetary Fund (IMF) conditionality agreements are best explained by shifts in the sources for borrowing state financing. The Fund regularly relies on external financing to supplement its loans to countries facing payment imbalances. As a result, these supplementary financiers are able to exercise leverage over the Fund and the design of its conditionality programs.
The book's conclusions are supported by rich empirical material gathered directly from the IMF archives, including descriptive statistics and statistical analyses using an original data set, which is the first to code the terms of the 249 Fund conditionality agreements from 1952—when Fund conditionality began—to 1995, as well as case studies substantiated with archival and interview evidence.

De la solapa interior

Money Talks argues that, contrary to conventional explanations, the changes in the terms of International Monetary Fund (IMF) conditionality agreements are best explained by shifts in the sources for borrowing state financing. The Fund regularly relies on external financing to supplement its loans to countries facing payment imbalances. As a result, these supplementary financiers are able to exercise leverage over the Fund and the design of its conditionality programs.
The book's conclusions are supported by rich empirical material gathered directly from the IMF archives, including descriptive statistics and statistical analyses using an original data set, which is the first to code the terms of the 249 Fund conditionality agreements from 1952 when Fund conditionality began to 1995, as well as case studies substantiated with archival and interview evidence.

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