Book Received
INDEX
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
  • Section B) Global governance and international organizations
    Subsection 2.The economic and financial international organizations
    Bird Graham, Rowlands Dane
    The International Monetary Fund. Distinguishing Reality from Rhetoric
    Ed. Edward Elgar , Cheltenham/Northampton, MA , 2016
    Page 256

    ISBN 978 0 85793 969 2
    There is no shortage of opinion about the International Monetary Fund (IMF). Some see it as the agent of austerity, being manipulated by wealthy nations and forcing poorer countries to pursue economic policies that suppress growth and development. A sharply contrasting view regards it as bailing out such countries with large amounts of soft finance, allowing them to avoid necessary adjustment. The challenge is to evaluate the alternative arguments and to distinguish reality from rhetoric. In this book, the authors undertake a careful and detailed empirical analysis of the underlying issues, covering participation in IMF programs, their implementation and effects on economic growth, and on the willingness of international capital markets to lend.
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