The purpose of this thesis is to examine the impact of International Monetary Fund (IMF) loans since the adoption of the governance mandate on overall government capability. The study will explore whether the presence of IMF loans in developing countries enhances state capacity. Administrative...

At the end of World War II, the United States emerged as a world leader, putting into place international institutions based on its own liberal economic philosophy. Since then, the world has witnessed an increasing interconnectedness among states, with economic relationships continually blurring...

In a luncheon speech at the AEA meeting on January 3, 1999, Stanley Fischer argued the case, in a reformed international financial system for ?an agency that will act as lender of last resort for countries facing a crisis.? He asserts that there is a need for such an agency and ?that the IMF is...

Having lost its Bretton Woods role as a regulator of exchange rates and source of short-term balance-of-payments assistance, the IMF has since been an organization in search of a reason for it to exist. Had it been content to serve its members by keeping records of their monetary and economic...

Testimony Prepared for Joint Economic Committee February 24, 1998

This paper proposes a low cost alternative to the large bailout packages that the International Monetary Fund (IMF) has organized to address financial crises. The IMF would act as a lender of last resort. Faced with an unsustainable debt burden, a government would declare default. It would...

The first essay proposes to test the Grossman and Helpman "Protection for Sale" model using data from the U.S. food processing industries at the 4-digit level. The Grossman and Helpman model departs from previous frameworks of trade protection in that it provides micro-foundations to the...

This research offers an empirical analysis of the economic effects on Morocco from implementing a Free Trade Area (FTA) with the European Union (EU) signed in 1996. Since the FTA translates largely into unilateral discriminatory tariff elimination against EU imports, there are concerns about the...

This dissertation explores the influences of minimum quality standards and of the threat of entry in a vertical product differentiation model. In the first chapter, I study the influence of minimum quality standards in a partial-equilibrium model of vertical product differentiation and trade in...

The study used a modified version of an applied general equilibrium model and database, GTAP, to generate comparative static projections about the future patterns of production, consumption, trade and agricultural protection, focusing on the SEA-4 countries. Exogenous regional macroeconomic...