One way of assessing the impact of IMF programmes is to see whether performance and policy targets are achieved. However, does a failure to hit targets mean that the programmes have been unsuccessful, or could it be that targets have been too ambitious? This paper analyses political economy...

Books reviewed: INTERNATIONAL MONETARY FUND, Fiscal Adjustment in IMF-Supported Programs: Evaluation Report Structural Impediments to Growth in Japan, Magnus Blomstrom ed. Inflation Targeting in the World Economy, by Edwin M. Truman

In the early 1990s, many Southern African economies embarked on financial liberalisation. Although it is too soon to carry out sophisticated econometric analysis of this change in policy, the available empirical evidence may be inspected to see whether it lends support to advocates of financial...

Although a great deal of attention has been paid to IMF conditionality and to the effects of IMF programmes, relatively little attention has been paid to their completion rate. However, the record is that the clear majority of Fund programmes are uncompleted. Is this a cause for concern and why...

This paper has a number of purposes. First, it revisits the older theory of reserve adequacy and optimality to see whether this can still be used and perhaps strengthened in ways that would inform the current debate. Second, it explores the connection between reserve adequacy and currency crisis...

Although a great deal of attention has been paid to IMF conditionality and to the effects of IMF programmes, relatively little attention has been paid to their completion rate. However, the record is that the clear majority of Fund programmes are uncompleted. Is this a cause for concern and why...

To what extent and within what time frame did countries in East Asia recover from the 1997-98 crisis, and, if there has been a recovery, can it be sustained? Drawing on the available evidence, this paper attempts to answer these questions. By implication, however, it also has something to say...

Das Buch basiert auf einem Seminar, das vom Department of Economics der Universität Surrey im Februar 1991, also vor der Auflösung der Sowjetunion,abhgehalten wurde. Es behandelt die Wirtschaftsreformen in Osteuropa auf dem Weg zu Marktwirtschaften, die Konversionsproblematik und die...