Determinants of National IMF Policy

This book analyzes the determinants of national policy toward the International Monetary Fund (IMF) in the course of a credit arrangement. It examines why national governments decide to enter into a credit arrangement with the IMF and under what circumstances they implement the conditions attached to such credit. Based on a political economy framework, various hypotheses on the determinants of national policy toward the IMF are elaborated. These include the influence of political and economic factors and also consider the behavior of the IMF. The author validates the hypotheses by analyzing the policy of Brazil between 1993 and 2005, as well as the policy of Argentina between 1991 and 2001. In each country, five actual or potential credit arrangements are examined.

Autorentext

Caroline Silva-Garbade has studied Business Administration and Economics in Nuremberg, Santiago de Chile, and Hagen. This publication is based on her work as research fellow at the German Institute of International and Security Affairs (SWP) in Berlin.

Inhalt
Contents: National policy toward the IMF concerning credit arrangements Brazil's policy toward the IMF between 1993 and 2005 Argentina's policy toward the IMF between 1991 and 2001 Theoretical framework based on the assumptions of political economy Hypotheses on national IMF policy concerning political and economic factors The behavior of the IMF and the existence of ongoing IMF credit arrangements.