IMF conditionality: Coercion or compromise?

Stiles, Kendall W.

doi:10.1016/0305-750x(90)90079-d

Cited by 28 publications

(8 citation statements)

References 4 publications

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“…Next to case study evidence (see, e.g., Stiles, 1990;Killick, 1995), there is substantial econometric support for the assertion that the political interests of major IMF shareholders matter for access to (and the design of) IMF loans. Numerous papers have documented positive associations between measures of alignment with the US and other G7 countries in UN General Assembly (UNGA) voting and IMF loan participation.…”

Section: Literature Reviewmentioning

confidence: 99%

The IMF and precautionary lending: An empirical evaluation of the selectivity and effectiveness of the Flexible Credit Line

Essers

Ide

2019

Journal of International Money and Finance

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The purpose of these working papers is to promote the circulation of research results (Research Series) and analytical studies (Documents Series) made within the National Bank of Belgium or presented by external economists in seminars, conferences and conventions organised by the Bank. The aim is therefore to provide a platform for discussion. The opinions expressed are strictly those of the authors and do not necessarily reflect the views of the National Bank of Belgium.

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Section: Literature Reviewmentioning

confidence: 99%

The IMF and precautionary lending: An empirical evaluation of the selectivity and effectiveness of the Flexible Credit Line

Essers

Ide

2019

Journal of International Money and Finance

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“…We also contribute to the literature on the IMF and the Cold War, which does not reach a single conclusion on whether the Fund played a role in containing communism. Stiles (1990) and Westad (2005, 207-249) present the IMF as a tool in US foreign policy in the case of Zaire. In contrast, Kedar (2015Kedar ( , 2017 shows that socialist Chile under Allende collaborated with the IMF in spite of the opposition from the US government.…”

Section: The Political Economy Of the Imf And Geopoliticsmentioning

confidence: 99%

The West’s Teeth: IMF Conditionality During the Cold War

Akerman¹,

Weller²,

Pessoa³

2020

Preprint

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Was the International Monetary Fund (IMF) susceptible to political pressure from the United States and its Western allies during the Cold War? To answer this question, we construct a new database containing the number of conditions applied to over 500 IMF loans since 1970 and analyze how the distance from a borrowing country to its closet communist neighbor affected the IMF conditionality. We show that the fund imposed fewer conditions on loans to countries geographically closer to the communist bloc. Results are stronger when neighboring communist countries were not part of the Warsaw Pact. This pattern persisted during the 1990s, when the fund helped former communist countries in their transition to market economies. However, we find no strong evidence of such discretionary treatment by the IMF after 2001, when thecontainment of communism had ceased to be the West’s top priority.

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“…Although the way it is shaped is also an important issue. See, for example, Stiles 1990;Best 2007;Barnett & Finnemore 2004. The particular case of eurozone conditionality needs to take into account the respective dynamics of the IMF and the EU/EZ.…”

mentioning

confidence: 99%

Policy Conditionality, Structural Adjustment and the Domestic Policy System. Conceptual Framework and Research Agenda

Spanou

2016

SSRN Journal

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The Robert Schuman Centre for Advanced Studies (RSCAS), created in 1992 and directed by Professor Brigid Laffan, aims to develop inter-disciplinary and comparative research on the major issues facing the process of European integration, European societies and Europe's place in 21 st century global politics. The Centre is home to a large post-doctoral programme and hosts major research programmes, projects and data sets, in addition to a range of working groups and ad hoc initiatives. The research agenda is organised around a set of core themes and is continuously evolving, reflecting the changing agenda of European integration, the expanding membership of the European Union, developments in Europe's neighbourhood and the wider world.

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IMF conditionality: Coercion or compromise?

Cited by 28 publications

References 4 publications

The IMF and precautionary lending: An empirical evaluation of the selectivity and effectiveness of the Flexible Credit Line

The IMF and precautionary lending: An empirical evaluation of the selectivity and effectiveness of the Flexible Credit Line

The West’s Teeth: IMF Conditionality During the Cold War

Policy Conditionality, Structural Adjustment and the Domestic Policy System. Conceptual Framework and Research Agenda

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