A Role for the International Monetary Fund in Economic Development

  • Graham Bird


One of the effects of the world’s faltering economic performance as well as of changing political attitudes in some large and powerful countries is that the activities of international institutions in general and the International Monetary Fund (IMF) in particular have recently come under close scrunity. Having had a significant proportion of the part allocated to it at Bretton Woods in 1944 written out by the move to generalised floating and the evolution of a non-centralised method of international reserve creation, there is now some debate as to whether the Fund can fulfil any useful role in the 1980s and beyond, and, if so, what this role should be.


International Monetary Fund Domestic Credit International Monetary Fund Programme Payment Problem Private Banking Sector 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Bird, Graham, The International Monetary System and the Less Developed Countries, Macmillan, 1978.Google Scholar
  2. Bird, Graham, ‘Financing Balance of Payments Deficits in Developing Countries: The Roles of Official and Private Sectors and the Scope for Co-operation between Them’, Third World Quarterly, July 1981 (a).Google Scholar
  3. Bird, Graham, ‘SDR Distribution, Interest Rates and Aid Flows’, The World Economy, December, 1981 (b).Google Scholar
  4. Bird, Graham, ‘Developing Country Interests in Proposals for International Monetary Reform’, in Killick, T., (ed.), Adjustment and Financing in the Developing World: The Role of the IMF, IMF/ODI, 1982 (a).Google Scholar
  5. Bird, Graham, ‘Interest Subsidies on International Finance as a Means of Assisting Low Income Countries’, paper presented to the Annual Conference of the Development Studies Association, Dublin, 1982 (b).Google Scholar
  6. Bird, Graham, ‘Should Developing Countries Use Currency Depreciation as a Tool of Balance of Payments Adjustment? A Review of the Theory and Evidence and a Guide for the Policy Maker’, mimeographed 1982 (c).Google Scholar
  7. Brodsky, David A. and Sampson, Gary P, ‘Gold, SDRs and Developing Countries’, Trade and Development, No. 2, Autumn 1980.Google Scholar
  8. Brodsky, David A. and Sampson, Gary P., ‘Implications of the Effective Revaluation of Reserve Asset Gold: The Case for a Gold Account for Development’, World Development, July 1981.Google Scholar
  9. Connors, J.A, ‘The Apparent Effects of Recent IMF Stabilization Programmes’, Federal Reserve System International Finance Discussion Paper No. 135, April 1979.Google Scholar
  10. Khan, Mohsin S and Knight, Malcolm D., ‘Stabilisation in Developing Countries: A Formal Framework’, IMF Staff Papers, March 1981.Google Scholar
  11. Killick, Tony, ‘Euromarket Recycling of OPEC Surpluses: Fact or Myth?’, The Banker, January, 1981 (a).Google Scholar
  12. Killick, Tony, ‘IMF Stabilization Programmes’, ODI Working Paper, No. 6, 1981 (b).Google Scholar
  13. Killick, Tony, and Chapman, Mark, ‘Much Ado About Nothing? Testing the Impact of IMF Stabilization Programmes in Developing Countries’, mimeographed, 1982.Google Scholar
  14. Killick, Tony, and Sutton, Mary, ‘Disequilibria, Financing and Adjustment in Developing Countries’, in Killick, T., (ed.) Adjustment and Financing in the Developing World: The Role of the IMF, IMF/ODI, 1982.Google Scholar
  15. Laker, J.F,‘Fiscal Proxies for Devaluation: A General Review’, IMF Staff Papers, March, 1981.Google Scholar
  16. Landell-Mills, P.M,‘Structural Adjustment Lending: Early Experiences’, Finance and Development, December, 1981.Google Scholar
  17. Llewellyn, David T,‘Avoiding an International Banking Crisis’, National Westminster Bank Quarterly Review, August, 1982.Google Scholar
  18. Morgan Guaranty Trust, World Financial Markets, September 1980.Google Scholar
  19. Reichmann, T.M., ‘How Successful Are Programmes Supported by Stand-by Arrangements?’, Finance and Development, March, 1977.Google Scholar
  20. Reichmann, T.M. and Stillson, R, ‘Experience with Programmes of Balance of Payments Adjustment: Stand-by Arrangements in the Higher Credit Tranches’, IMF Staff Papers, June, 1978.Google Scholar
  21. Sharpley, Jennifer, ‘The Potential of Domestic Stabilisation Measures in Developing Countries’, DERAP Working Paper, A 198, 1981.Google Scholar
  22. Schydlowsky, D., ‘Alternative Approaches to Short Term Economic Management’ in Killick, T., (ed.), Adjustment and Financing in the Developing World: The Role of the IMF, IMF/ODI, 1982.Google Scholar
  23. Taylor, Lance, ‘IS/LM in the Tropics: Diagrammatics of the New Structuralist Macro Critique’, in Cline, W.R. and Weintraub, S., (eds), Economic Stabilization in Developing Countries, The Brookings Institution, 1981.Google Scholar

Copyright information

© Graham Bird 1988

Authors and Affiliations

  • Graham Bird
    • 1
  1. 1.University of SurreyUK

Personalised recommendations