The Economic Impact Of International Monetary Fund Programmes: Institutional Quality, Macroeconomic Stabilization And Economic Growth (contributions To Economics)
by Omer Javed /
2016 / English / PDF
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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.
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.