Mandato e Attività del Fondo Monetario Internazionale

Cafiso, Gianluca (2002): Mandato e Attività del Fondo Monetario Internazionale.

Abstract

This paper explains the evolution of the International Monetary Fund’s mandate and discusses its role in supporting countries experiencing a macroeconomic crisis. We consider the conditionality attached to its loans and why it is convenient in some regards. Even though its operations and functioning raise many criticisms, we argue that the Fund is a necessary institution because it acts opposite to capital markets when it is necessary.

• Item Type: MPRA Paper
• English Title: The Mandate and the Activity of the International Monetary Fund
• Language: Italian
• Keywords: International Monetary Fund, Conditionality, Structural Adjustment Programs.
• Subjects: F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; F - International Economics > F0 - General > F02 - International Economic Order and Integration; F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions

References

Chang, R. and A. Velasco (2000a).“Exchange-Rate Policy for Developing Countries”, American Economic Review, No. 90: pp. 71-75.

Chang, R. and A. Velasco (2000b). “Financial Crisis in Emerging Markets: A Canonical Model”, National Bureau of Economic Research, Working Paper series, No. 6606.

Easterly, W. (2001). “IMF and World Bank Structural Adjustment Programs and Poverty”, World Bank, document, April 2001.

Fischer, S. (2000a). “Comments on IMF –Supported Stabilization Programs”, NBER Conference on "The Economic and Financial Crises in Emerging Market Economies". National Bureau of Economic Research, Woodstock, October 20-21/2000.

Fischer, S. (2000b). “Remarks to the Bretton Woods Committee Meeting”, Bretton Woods Committee Meeting. International Monetary Fund, Washington (DC), April 4/2000.

IMF (2002). “Structural Conditionality in IMF programs”, International Monetary Fund, document, March 20/2002.

Goldstein, M. (2000). “IMF Structural Programs”, NBER Conference on "The Economic and Financial Crises in Emerging Market Economies". National Bureau of Economic Research, Woodstock, October 20-21/2000.

Guyatt, N. (2000). “Protest and Consensus: a (very) Brief History of the World Bank and IMF”, London/New York Zed Books, book.

Klein, N. (2002). “Fences and Windows: Dispatches from the Front Lines of the Globalization Debate”, Debra Ann Levy, book.

Köhler, H. (2000).“Toward a More Focused IMF”, Address at the International Monetary Conference. International Monetary Fund, Washington DC, May 30/2000.

Krueger, A. (2002). “Crisis Prevention and Resolution: Lessons from Argentina”, Conference on "The Argentina Crisis". National Bureau of Economic Research, Cambridge (MA), July 17/2002.

Krugman, P. (2002). “Argentina's Crisis is a US Failure”, New York Times, January 2/2002.

Mercer-Blackman, V. and A. Unigovskaya (2000). “Compliance with IMF Program Indicators and Growth in Transition Economies”, International Monetary Fund, Working Paper series No. 47.

Mussa, M. (2002). “Argentina and the Fund: from triumph to tragedy”, Institute for International Economics, book.

Sachs, J. (2002). “Ma la cura IMF stronca il malato”, Il sole24ore, 28 Aprile 2002.

Silvestri, F. (2002). "La lettura economica della convertibilità argentina alla luce dei recenti disordini politici e sociali", Sistema Economico, No 7: 3-19.

Stiglitz, J. (2002). “La globalizzazione e i suoi oppositori”, Einaudi, book.

Van der Hoeven, R. (2000). “Poverty and Structural Adjustment Some Remarks on Tradeoffs between Equity and Growth”, International Labour Organization, Employment Paper No 2000/4.

Vásquez, I. (1998). “The International Monetary Fund”, Project on Global Economic Liberty, Cato Institute. United States House of Representatives, April 21/1998.

Volker, P. and G. Toyoo (1992). “Changing Fortunes”, New York Times, book.

Wessel, D. (1997). “Rubin says Global Investors don’t suffer enough”, Wall Street Journal, 19 September 1997.