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The International Monetary Fund - Distinguishing Reality from Rhetoric (Hardcover)
Loot Price: R2,838
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The International Monetary Fund - Distinguishing Reality from Rhetoric (Hardcover)
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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. Blending
research methodologies and crossing conventional disciplinary
boundaries, what emerges is a balanced and nuanced assessment of
the IMF's operations that confronts many commonly held views.
Unique in its broad scope, this careful examination of the IMF will
be of great interest to students and academics in the fields of
international economics and international relations. Those involved
in international financial institutions and national monetary
institutions will also find it to be an impartial and illuminating
study.
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