Are International Monetary Fund Programs Effective?: Evidence from East European Countries
We extend the literature on the effectiveness of International Monetary Fund (IMF) programs in two directions. First, we undertake a sensitivity analysis by applying several assessment methods commonly used in the literature to a common data set to check the robustness of inferences regarding the effectiveness of IMF-related programs. Second, we employ a new set of countries that are largely ignored in the literatureânamely, those of Eastern Europe. The findings show that the inferences regarding the effectiveness of IMF programs obtained under different approaches seem robust: IMF programs in East European countries appear to be ineffective. However, it may be simplistic to blame solely the IMF for ineffective programs, as effectiveness may be determined by many factors, including the nature of the programs, the commitment of the corresponding country's officials, policy changes, and external shocks.
Volume (Year): 47 (2009)
Issue (Month): 1 (January)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106044|
When requesting a correction, please mention this item's handle: RePEc:mes:eaeuec:v:47:y:2009:i:1:p:5-28. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct email address
If references are entirely missing, you can add them using this form.