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The Economic Impact of International Monetary Fund Programmes - Institutional Quality, Macroeconomic Stabilization and Economic Growth (Hardcover, 1st ed. 2016)
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The Economic Impact of International Monetary Fund Programmes - Institutional Quality, Macroeconomic Stabilization and Economic Growth (Hardcover, 1st ed. 2016)
Series: Contributions to Economics
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This book investigates the impact of International Monetary Fund
(IMF) programmes on macroeconomic instability and economic growth
in recipient countries. Employing the New Institutional Economics
approach as an analytical framework, it identifies the determinants
of economic and political institutional quality by taking into
account a broad variety of indicators such as parliamentary forms
of government, the aggregate governance level, civil and economic
liberties, property rights etc. The book subsequently estimates the
impact of these institutional determinants on real economic growth,
both directly and also indirectly, through the channel of
macroeconomic instability, in recipient countries. Moreover, it
illustrates the effectiveness of IMF programmes in the case of
Pakistan, a frequent user of IMF resources.
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