Crisis averter, crisis lender, crisis manager: The IMF in search of a systemic role

World Economy

Volumn 22, Issue 7, 1999, Pages 955-975

  Bird, Graham ^a  

^a UNIVERSITY OF SURREY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC POLICY; EXCHANGE RATE; IMF; LENDING BEHAVIOR;

EID: 0032716743     PISSN: 03785920     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9701.00240     Document Type: Article

References (27)

1. Bird, G. (1987), 'Fund Financing and Financing the Fund' in International Financial Policy and Economic Development (London, Macmillan).
2. Bird, G. (1989), Commercial Bank Lending and Third World Debt (London, Macmillan).
3. Bird, G. (1995), IMF Lending to Developing Countries: Issues and Evidence (London, Routledge).
4. Bird, G. (1997), 'External Financing and Balance of Payments Adjustment in Developing Countries: Getting a Better Policy Mix,' World Development, 25, 9, 1409-20.
5. Bird, G. (1998a), 'The Effectiveness of Conditionality and the Political Economy of Policy Reform: Is It Simply a Matter of Political Will?', Journal of Policy Reform, 1, 89-113.
6. Bird, G. (1998b), 'Convertibility and Volatility: the Pros and Cons of Liberalising the Capital Account', Economic Notes, 27, 2/3, 37-52.
7. Bird, G. and D. Rowlands (1997), 'The Catalytic Effect of Lending by the International Financial Institutions,' The World Economy, 20, 7, 967-91.
8. Boughton, J.M. (1999), 'From Suez to Tequila: The IMF as Crisis Manager,' Economic Journal (forthcoming).
9. Cohen, B.J. (1989), 'Developing Country Debt: A Middle Way,' Essays in International Finance No 173 (Princeton, NJ, International Finance Section, Department of Economics, Princeton University).
10. Corden, M. (1988), 'An International Debt Facility', IMF Staff Papers (June).
11. Easterly, W. and K. Schmidt-Hebbel (1993), 'Fiscal Deficits and Macroeconomic Performance in Developing Countries,' World Bank Research Observer, 8, 2, 211-38.
12. Edwards, S. and P. Montiel (1989), 'Devaluation Crises and Macroeconomic Consequences of Postponed Adjustment in Developing Countries,' IMF Staff Papers (December).
13. Fanelli, J.M., R. Frenkel and L. Taylor (1994), 'Is the Market Friendly Approach Friendly to Development: A Critical Assessment,' in G. Bird and A. Helwege (eds.), Latin America's Economic Future (London, Academic Press), 229-64.
14. Feldstein, M. (1998), 'Refocusing the IMF,' Foreign Affairs, 77, 2, 20-33.
15. Fischer, S. (1999), On the Need for an International Lender of Last Resort,' mimeographed (Washington DC, IMF).
16. Fischer, S. et al. (1998), 'Should the IMF Pursue Capital Account Convertibility?' Essays in International Finance, No 207 (Princeton, NJ, International Finance Section, Department of Economics, Princeton University).
17. Guttentag, J.M. and R.J. Herring (1986), 'Disaster Myopia in International Banking,' Essays in International Finance, No 164 (Princeton, NJ, International Finance Section, Department of Economics, Princeton University).
18. Killick, T. (1995), IMF Programmes in Developing Countries: Design and Impact (London, Routledge).
19. Killick, T. (1996), 'Principal, Agents and the Limitations of BWI Conditionality', The World Economy, 19, 2, 211-29.
20. Krueger, A.O. (1998), 'Whither the World Bank and the IMF,' Journal of Economic Literature, XXXVI, 4, 1983-2020.
21. Krugman, P. (1979), 'A Model of Balance of Payments Crises,' Journal of Money, Credit and Banking, 11, 311-25.
22. Polak, J. (1991), 'The Changing Nature of IMF Conditionality,' Essays in International Finance, No 184 (Princeton, NJ, International Finance Section, Department of Economics, Princeton University).
23. Radelet, S. and J. Sachs (1998), 'The East Asian Crisis: Diagnosis, Remedies and Prospects,' Brooking Papers on Economic Activity, No 1 (Spring), 1-75.
24. Rodrik, D. (1995), 'Why is there Multinational Lending?' in Annual World Bank Conference on Development Economics (World Bank, Washington DC), 167-93.
25. Rodrik, D. (1996), 'Understanding Economic Policy Reform', Journal of Economic Literature, XXXIV, 1, 9-41.
26. Sachs, J. (1989), 'New Approaches to the Latin American Debt Crisis,' Essays in International Finance, No 174 (Princeton, NJ, International Finance Section, Department of Economics, Princeton University).
27. Vaubel, R. (1991), 'The Political Economy of the International Monetary Fund: A Public Choice Analysis,' in R. Vaubel and T.D. Willett (eds.), The Political Economy of International Organisations (Boulder, CO, Westview Press).