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The Economic Impact of International Monetary Fund Programmes

Institutional Quality, Macroeconomic Stabilization and Economic Growth

  • Omer┬áJaved

Part of the Contributions to Economics book series (CE)

About this book

Introduction

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. 

Keywords

New Institutional Economics Macroeconomic Stabilization International Monetary Fund Institutional Quality Pakistan IMF Programme Countries Heterodox Economics

Authors and affiliations

  • Omer┬áJaved
    • 1
  1. 1.LahorePakistan

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-29178-9
  • Copyright Information Springer International Publishing Switzerland 2016
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-29177-2
  • Online ISBN 978-3-319-29178-9
  • Series Print ISSN 1431-1933
  • Series Online ISSN 2197-7178
  • Buy this book on publisher's site
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