The Economic Impact of International Monetary Fund Programmes - Institutional Quality, Macroeconomic Stabilization and Economic Growth

This bookinvestigates the impact of International Monetary Fund (IMF) programmes onmacroeconomic instability and economic growth in recipient countries. Employingthe New Institutional Economics approach as an analytical framework, it identifiesthe determinants of economic and political institutional quality by taking intoaccount a broad variety of indicators such as parliamentary forms ofgovernment, the aggregate governance level, civil and economic liberties,property rights etc. The book subsequently estimates the impact of theseinstitutional determinants on real economic growth, both directly and alsoindirectly, through the channel of macroeconomic instability, in recipientcountries. Moreover, it illustrates the effectiveness of IMF programmes in thecase of Pakistan, a frequent user of IMF resources. 

List of contents

Introduction.- Determinants of Institutional Quality: a Case Study of IMF Programme Countries.- Institutional Quality, Macroeconomic Stabilization and Economic Growth: a Case Study of IMF Programme Countries.- IMF Programmes andInstitutional Quality Determinants: Economic Scenarios in Pakistan.- ConcludingRemarks.

Summary

This book
investigates the impact of International Monetary Fund (IMF) programmes on
macroeconomic instability and economic growth in recipient countries. Employing
the New Institutional Economics approach as an analytical framework, it identifies
the determinants of economic and political institutional quality by taking into
account a broad variety of indicators such as parliamentary forms of
government, the aggregate governance level, civil and economic liberties,
property rights etc. The book subsequently estimates the impact of these
institutional determinants on real economic growth, both directly and also
indirectly, through the channel of macroeconomic instability, in recipient
countries. Moreover, it illustrates the effectiveness of IMF programmes in the
case of Pakistan, a frequent user of IMF resources. 

Product details

• Authors: Omer Javed
• Publisher: Springer, Berlin
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.2018
• EAN: 9783319805092
• ISBN: 978-3-31-980509-2
• No. of pages: 125
• Dimensions: 159 mm x 236 mm x 9 mm
• Weight: 237 g
• Illustrations: XXI, 125 p. 2 illus. in color.
• Series: Contributions to Economics; Contributions to Economics
• Subjects: Social sciences, law, business > Business > Economics; B, Economics, International Relations, macroeconomics, Economics and Finance, economic growth, Political Economy, Macroeconomics and Monetary Economics, Macroeconomics/Monetary Economics//Financial Economics, Monetary Economics, Management science, Public finance, Public finance & taxation, International Political Economy, Finance, Public, Heterodox Economics, Institutional/Evolutionary Economics, Evolutionary economics