IMF program compliance: Aggregate index versus policy specific research strategies
IMF program compliance: Aggregate index versus policy specific research strategies
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国际货币基金组织计划合规性:总体指数与政策具体研究策略
DOI:
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发表时间:
2006
期刊:
影响因子:
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通讯作者:
J. Vreeland
中科院分区:
文献类型:
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作者:
J. Vreeland
Consensus has grown that the economic reform programs of the International Monetary Fund (IMF) have failed to promote economic development. There is little consensus about how IMF programs should be reformed, however, because we do not understand why IMF programs have failed. Some critics contend that the IMF’s austere policy conditions are inappropriate for most program-countries and cause economic crises to deepen. Other critics argue that the policy conditions are actually ignored, and the IMF program loan ends up subsidizing the bad policies that caused the economic crises in the first place. This debate begs the compliance question. Unfortunately, the study of IMF compliance is not straightforward. IMF agreements span many dimensions, and the dimensions vary from agreement to agreement. Even along one dimension, governments are not held to the same standard. Rather than look at aggregate measures of compliance, this article proposes a return to studying specific conditions as was done in the earliest studies on IMF compliance.