Abstract
The IMF’s mandate is to finance temporary balance of payments equilibria. When balance of payments deficits are not inherently temporary, they must be rendered so by corrective policy measures. The Fund — as it is commonly known — has historically played a central role in the adjustment efforts of its member countries through assistance in the design of appropriate policy programmes to achieve viability of the balance of payments, accompanied by price stability and higher long-term growth, and through the provision of financing to support these programmes.
The views expressed in this paper are the sole responsibility of the author and do not necessarily represent the opinions of the IMF.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Addison, Tony, and Lionel Demery (1985) ‘Macroeconomic Stabilization, Income Distribution and Poverty: A Preliminary Survey’, Overseas Development Institute, Working Paper no. 15.
Beveridge, W.A., and Margaret R. Kelly (1980) ‘Fiscal Content of Financial Programs Supported by Stand-By Arrangements in the Upper Credit Tranches, 1969–79’, IMF Staff Papers, pp. 205–49.
Connors, Thomas A. (1979) ‘The Apparent Effects of Recent IMF Stabilization Programs’, International Finance Discussion Paper 135 ( Washington: Board of Governors of the Federal Reserve System ).
Dell, Sydney (1982) ‘Stabilization: The Political Economy of Overkill’, World Development, pp. 597–612.
Diaz-Alejandro, Carlos (1984) ‘IMF Conditionality: What Kind?’ PIDE Tidings, pp. 7–9.
Donovan, Donal J. (1981) ‘Real Responses Associated with Exchange Rate Action in Selected Upper Credit Tranche Stabilization Programs’, IMF Staff Papers, pp. 698–727.
Donovan, Donal J. (1982) ‘Macroeconomic Performance and Adjustment Under Fund-Supported Programs: The Experience of the Seventies’, IMF Staff Papers, pp. 171–203.
Goldstein, Morris, and Peter J. Montiel (1986) ‘Evaluating Fund Stabilization Programs with Multicountry Data: Some Methodological Pitfalls’, IMF Staff Papers, pp. 304–44.
Gylfason, Thorvaldur (1987) ‘Credit Policy and Economic Activity in Developing Countries with IMF Stabilization Programs’, Princeton Studies in International Finance, no. 60.
International Monetary Fund (1977) The Monetary Approach to the Balance of Payments (Washington).
International Monetary Fund (1987) Theoretical Aspects of the Design of Fund-Supported Adjustment Programs, IMF Occasional Paper no. 55 ( Washington: International Monetary Fund ).
Johnson, Omotunde, and Joanne Salop (1980) ‘Distributional Aspects of Stabilization Programs in Developing Countries’, IMF Staff Papers, pp. 1–23.
Kelly, Margaret R. (1982) ‘Fiscal Adjustment and Fund-Supported Programs’, IMF Staff Papers, pp. 561–602.
Khan, Mohsin, S., and Malcolm D. Knight (1981) ‘Stabilization Programs in Developing Countries: A Formal Framework’, IMF Staff Papers, pp. 1–53.
Khan, Mohsin S. (1985) Fund-Supported Adjustment Programs and Economic Growth, IMF Occasional Paper no. 41 ( Washington: International Monetary Fund ).
Killick, Tony (1984) The Quest for Economic Stabilization: The IMF and the Third World ( New York: St. Martins).
Reichmann, Thomas M. (1978) ‘The Fund’s Conditional Assistance and the Problems of Adjustment: 1973–75’, Finance and Development, pp. 38–41.
Reichmann, Thomas M., and Richard T. Stillson (1978) ‘Experience with Programs of Balance of Payments Adjustment: Stand-By Arrangements in the Higher Credit Tranches, 1963–72’, IMF Staff Papers, pp. 293–309.
Sisson, Charles A. (1986) ‘Fund-Supported Programs and Income Distribution in LDC’s’, Finance and Development.
Taylor, Lance (1981) ‘IS/LM in the Tropics: Diagrammatics of the New Structuralist Critique’, in W.R. Cline and S. Weintraub, (eds) Economic Stabilization in Developing Countries ( Washington: Brookings Institution ), pp. 465–502.
Zulu, Justin B., and Saleh M. Nsouli (1985) Adjustment Programs in Africa: The Recent Experience, IMF Occasional Paper no. 34 ( Washington: International Monetary Fund ).
Bienen, Henry, S., and Mark Gersovitz (1985) ‘Economic stabilization, conditionality and political stability’, International Organisation, 39(4), Autumn.
Bird, Graham (1987a) International Financial Policy and Economic Development ( London: Macmillan).
Bird, Graham (1987b) International Macroeconomics: Theory, Policy and Applications ( London: Macmillan).
Bird, Graham (1988) Managing Global Money ( London: Macmillan).
Bird, Graham (1989) ‘World debt, financing, structural adjustment and the official sector’ in Singer, H.W. and Soumitra Sharma (eds), Economic Development and World Debt ( London: Macmillan ).
Junankar, P.N. (1989) ‘Evaluating the Effects of IMF-Supported Adjustment Programmes: A Comment’, in this volume.
Khan, Mohsin S., and Malcolm D. Knight (1981) ‘Stabilization programs in developing countries: a formal framework’, IMF Staff Papers, March.
Khan, Mohsin S., and Malcolm D. Knight (1983) ‘Determinants of current account balances of non-oil developing countries in the 1970s: an empirical analysis’, IMF Staff Papers, December.
Killick, Tony (ed.) (1984a) The Quest for Economic Stabilisation: the IMF and the Third World ( London: Overseas Development Institute and Gower Publishing Co. ).
Killick, Tony et al. (1984b) The IMF and Stabilisation: Developing Country Experiences ( London: Overseas Development Institute and Gower Publishing Co.).
Krugman, Paul and Lance Taylor (1979) ‘Contractionary effects of devaluation’, Journal of International Economics, November.
Nashashibi, Karim (1980) ‘A supply framework for exchange reform in developing countries: the experience of Sudan’, IMF Staff Papers, 17 (1).
Sidell, Scott R. (1988) The IMF and Third World Political Instability ( London: Macmillan).
Swan, Trevor W. (1968) ‘Longer-run problems of the balance of payments’, in Richard E. Caves and Harry G. Johnson (eds), Readings in International Economics ( London: Allen and Unwin ).
Taylor, Lance (1981) ‘IS/LM in the tropics: diagrammatics of the new structuralist critique’, in William R. Cline and Sidney Weintraub (eds), Economic Stabilization in Developing Countries ( Washington: Brookings Institute ).
Williamson, John (ed.) (1983) IMF Conditionality ( Washington: Institute for International Economics ).
Balestra, P. and M. Nerlove (1966) ‘Pooling Cross Section and Time Series Data in the Time Series Data in the Estimation of a Dynamic Model: The Demand for Natural Gas’, Econometrica vol. 34, pp. 585–612.
Cline, W.R. and S. Weintraub (1981) Economic Stabilisation in Developing Countries ( Washington: Brookings Institution).
Dornbusch, R. (1986) Dollars, Debts and Deficits ( Cambridge, Mass.: MIT Press).
Nickell, S. (1981) ‘Biases in Models with Fixed Effects’, Econometrica vol. 49, pp. 1417–26.
Taylor, L. (1983) Structuralist Macroeconomics ( New York: Basic Books).
Wallis, K. et al. (1984) Models of the UK Economy ( Oxford: OUP).
Williamson, J. (ed.) (1983) IMF Conditionality ( Washington DC: Institute for International Economics ).
Editor information
Editors and Affiliations
Copyright information
© 1990 Kate Phylaktis and Mahmood Pradhan
About this chapter
Cite this chapter
Khan, M.S. (1990). Evaluating the Effects of IMF-Supported Adjustment Programmes: A Survey. In: Phylaktis, K., Pradhan, M. (eds) International Finance and the Less Developed Countries. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10379-9_2
Download citation
DOI: https://doi.org/10.1007/978-1-349-10379-9_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-10381-2
Online ISBN: 978-1-349-10379-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)