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The Economic Impact of International Monetary Fund Programmes: Institutional Quality, Macroeconomic Stabilization and Economic Growth
Hardcover
Series: Contributions to Economics
EconomicsInvesting & FinanceGeneral Political Science
ISBN13: 9783319291772
Publisher: Springer
Published: Mar 29 2016
Pages: 125
Weight: 0.85
Height: 0.38 Width: 6.14 Depth: 9.21
Language: English
This book investigates the impact of International Monetary Fund (IMF) programmes on macroeconomic instability and economic growth in recipient countries. Employing the New Institutional Economics approach as an analytical framework, it identifies the determinants of economic and political institutional quality by taking into account a broad variety of indicators such as parliamentary forms of government, the aggregate governance level, civil and economic liberties, property rights etc. The book subsequently estimates the impact of these institutional determinants on real economic growth, both directly and also indirectly, through the channel of macroeconomic instability, in recipient countries. Moreover, it illustrates the effectiveness of IMF programmes in the case of Pakistan, a frequent user of IMF resources.
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