"Why do governments turn to the International Monetary Fund (IMF) and with what effects? In this book, James Raymond Vreeland examines this question by analyzing cross-national time-series data from throughout the world. Vreeland argues that...
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"Why do governments turn to the International Monetary Fund (IMF) and with what effects? In this book, James Raymond Vreeland examines this question by analyzing cross-national time-series data from throughout the world. Vreeland argues that governments enter into IMF programs for economic and political reasons, and he finds that the programs hurt economic growth and redistribute income upward. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. For certain constituencies, these policies dampen the effects of bad economic performance by redistributing income. But IMF programs hurt doubly the least well-off in society: They lower growth and exacerbate income inequality."--BOOK JACKET
Includes bibliographical references and indexes. - Description based on print version record
1.Introduction2.Analytically Significant Cases3.An Analytical Approach to the Politics of IMF Agreements4.Testing the Selection Story5.The Effect of IMF Programs on Economic Growth6.Distributional Consequences of IMF Programs7.ConclusionsApp. 1.Variables Used in This StudyApp. 2.Country-Years in Samples.