Description
Book SynopsisThere is no shortage of opinion about the International Monetary Fund (IMF). Those involved in international financial institutions and national monetary institutions will also find it to be an impartial and illuminating study.
Trade ReviewRecent events in advanced and emerging markets have rendered IMF reform more urgent than ever. Graham Bird and Dane Rowlands, two of our most trenchant observers of the Fund, have thus done a singular service by bringing together their collected works on the IMF and its critics. Some of these essays are previously published, while others are new, but all are very much worth reading by anyone concerned to create an International Monetary Fund fit for the 21st century. --Barry Eichengreen, University of California, Berkeley
Students of the IMF take note! This monograph provides a timely and comprehensive account of the functioning of the Fund, ranging from an analysis of what determines access to its loans to the consequences of its programs. Written by leading experts, this will soon become an authoritative source of reference on the IMF. --Axel Dreher, Heidelberg University, Germany
Table of ContentsContents: 1. Introduction and Overview: The Purposes and Operations of the IMF 2. IMF Quotas 3. The IMF's Lending Facilities 4. Aggregate IMF Lending 5. Participation in IMF Programs 6. The Implementation of IMF Programs 7. The Effects of IMF Programs on Economic Growth 8. IMF Programs and Private Capital Flows 9. Conclusions
