IDEAS home Printed from https://ideas.repec.org/a/pal/compes/v47y2005i1p4-22.html
   My bibliography  Save this article

IMF Programmes in Emerging Countries

Author

Listed:
  • Ayşe Y Evrensel

    (Department of Economics, Portland State University, Portland, OR 97006-0751, USA.)

Abstract

This paper provides an empirical analysis of IMF-supported stabilization programmes in 19 emerging countries during the period 1971–1997. The results of the empirical analysis suggest the following. First, compared to nonprogramme countries, emerging programme countries have been engaged in macroeconomic policies that would lead to balance of payments crises. Second, results regarding programme participation show that emerging program countries have been involved in IMF programmes recurrently. Third, these countries' macroeconomic policies have not been improved significantly even during programme years. Fourth, as countries receive subsequent programmes, they seem to implement increasingly inconsistent macroeconomic policies during interprogramme years, which may imply moral hazard. Comparative Economic Studies (2005) 47, 4–22. doi:10.1057/palgrave.ces.8100053

Suggested Citation

  • Ayşe Y Evrensel, 2005. "IMF Programmes in Emerging Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 47(1), pages 4-22, March.
    • Handle: RePEc:pal:compes:v:47:y:2005:i:1:p:4-22
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/ces/journal/v47/n1/pdf/8100053a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/ces/journal/v47/n1/full/8100053a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Graham Bird, 2007. "The Imf: A Bird'S Eye View Of Its Role And Operations," Journal of Economic Surveys, Wiley Blackwell, vol. 21(4), pages 683-745, September.
    2. Mr. Atish R. Ghosh & Mr. Juan Zalduendo & Ms. Manuela Goretti & Mr. Bikas Joshi & Mr. Alun H. Thomas, 2007. "Modeling Aggregate Use of Fund Resources—Analytical Approaches and Medium-Term Projections," IMF Working Papers 2007/070, International Monetary Fund.
    3. Panchyshyn, Stepan & Hrabynska, Iryna, 2018. "About Spells And Recidivism Of The Transition Economies’ Participation In Imf Programs," EUREKA: Social and Humanities, Scientific Route OÜ, issue 5, pages 36-46.
    4. Presbitero, Andrea F. & Zazzaro, Alberto, 2012. "IMF Lending in Times of Crisis: Political Influences and Crisis Prevention," World Development, Elsevier, vol. 40(10), pages 1944-1969.
    5. Andrea F. Presbitero & Alberto Zazzaro, 2010. "IMF Lending in Low- and Middle-Income Countries in the Wake of the Global Crisis," Development Working Papers 305, Centro Studi Luca d'Agliano, University of Milano.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:compes:v:47:y:2005:i:1:p:4-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.