Restructuring the IMF's Lending Facilities
AbstractThe IMF has recently completed a review of its lending facilities as a consequence of which it has implemented a number of reforms. By examining the Fund's basic functions, this paper offers a critical appraisal of these reforms. It is argued that more radical change is needed building on the liquidity and adjustment roles of the IMF. The reforms advocated here would reverse the proliferation of IMF lending facilities that is to be observed since the early 1960s. Copyright Blackwell Publishing Ltd 2003.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal The World Economy.
Volume (Year): 26 (2003)
Issue (Month): 2 (02)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0378-5920
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- Miguel de las Casas & Xavier Serra, 2008. "Simplification of IMF lending. Why not just one flexible credit facility?," Banco de Espaï¿½a Occasional Papers 0806, Banco de Espa�a.
- Graham Bird & Dane Rowlands, 2005.
"Should It Be Curtains for Some of the IMF’s Lending Windows?,"
School of Economics Discussion Papers
0905, School of Economics, University of Surrey.
- Graham Bird & Dane Rowlands, 2007. "Should it be curtains for some of the IMF’s lending windows?," The Review of International Organizations, Springer, vol. 2(3), pages 281-299, September.
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