IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Does the IMF Perform a Catalytic Role?

  • Graham Bird
  • Dane Rowlands

The IMF advertises itself as playing a catalytic role, whereby its lending programmes induce other providers of finance to invest or lend as well. The theoretical foundations of this claim are reviewed and found to be questionable. The empirical evidence also appears to contradict the notion of a consistent and significant catalytic effect. The policy implications of weak catalysis are reviewed and alternative approaches to delivering a suitable adjustment process investigated. While some of these alternatives seem worthy of further evaluation, including greater official coordination and the use of alternative private and official pools of capital, many are politically or operationally untenable.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=167
Download Restriction: no

Article provided by World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE in its journal World Economics Journal.

Volume (Year): 5 (2004)
Issue (Month): 1 (January)
Pages: 117-132

as
in new window

Handle: RePEc:wej:wldecn:167
Contact details of provider:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:167. 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: (Ed Jones)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.