The IMF and the Silent Revolution

The IMF and the Silent Revolution
Author: Mr.James M. Boughton
Publisher: International Monetary Fund
Total Pages: 68
Release: 2000-09-11
Genre: Business & Economics
ISBN: 9781557759702

This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.

Our Continent, Our Future

Our Continent, Our Future
Author: P. Thandika Mkandawire
Publisher: IDRC
Total Pages: 192
Release: 2014-05-14
Genre: Political Science
ISBN: 155250204X

Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.

The IMF and the Latin American Debt Crisis

The IMF and the Latin American Debt Crisis
Author: Mr.James M. Boughton
Publisher: International Monetary Fund
Total Pages: 28
Release: 1994-10-10
Genre: Business & Economics
ISBN:

The IMF played a key role in developing and implementing the debt strategy throughout the 1980s. That strategy not only overcame the crisis but also produced successful transformationsof several major economiesin Latin America. Nonetheless, the IMF's role has also been criticized on several grounds. This study examines seven such criticisms.

Women and Adjustment Policies in the Third World

Women and Adjustment Policies in the Third World
Author: Haleh Afshar
Publisher: Springer
Total Pages: 276
Release: 2016-07-27
Genre: Political Science
ISBN: 134911961X

The Third World debt crisis, the International Monetary Fund and World Bank's adjustment policies have compelled many countries to move towards a contraction of public sector expenditure in favour of market orientated development policies. Women in general and the poorest amongst them in particular have borne a disproportionate burden of the ensuing hardships. This book addresses the shortcomings in the current gender blind analytical frameworks of governments and financial organisations and offers alternative strategies for combating recession and poverty.

The Politics of Economic Adjustment

The Politics of Economic Adjustment
Author: Stephan Haggard
Publisher: Princeton University Press
Total Pages: 380
Release: 1992
Genre: Business & Economics
ISBN: 9780691003948

This is a collection of essays offering comparative analysis of the divergent experiences of developing countries responding to economic crises by adopting macroeconomic stabilization and structural adjustment policies.

Too Little, Too Late

Too Little, Too Late
Author: Martin Guzman
Publisher: Columbia University Press
Total Pages: 307
Release: 2016-05-10
Genre: Business & Economics
ISBN: 023154202X

The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been deep enough to provide the conditions for economic recovery (as illustrated by the Greek debt restructuring of 2012). And if the debtor decides not to accept the terms demanded by the creditors, finalizing a restructuring can be slowed by legal challenges (as illustrated by the recent case of Argentina, deemed as "the trial of the century"). A fresh start for distressed debtors is a basic principle of a well-functioning market economy, yet there is no international bankruptcy framework for sovereign debts. While this problem is not new, the United Nations and the global community are now willing to do something about it. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. With contributions by leading academics and practitioners, Too Little, Too Late reflects the overwhelming consensus among specialists on the need to find workable solutions.

Global Waves of Debt

Global Waves of Debt
Author: M. Ayhan Kose
Publisher: World Bank Publications
Total Pages: 403
Release: 2021-03-03
Genre: Business & Economics
ISBN: 1464815453

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Prevention and Resolution of Sovereign Debt Crises

Prevention and Resolution of Sovereign Debt Crises
Author: Ms.Julianne Ams
Publisher: INTERNATIONAL MONETARY FUND
Total Pages: 22
Release: 2018-09-13
Genre: Business & Economics
ISBN: 9781484371329

“The IMF’s Role in the Prevention and Resolution of Sovereign Debt Crises” provides a guided narrative to the IMF’s policy papers on sovereign debt produced over the last 40 years. The papers are divided into chapters, tracking four historical phases: the 1980s debt crisis; the Mexican crisis and the design of policies to ensure adequate private sector involvement (“creditor bail-in”); the Argentine crisis and the search for a durable crisis resolution framework; and finally, the global financial crisis, the Eurozone crisis, and their aftermaths.

Free Markets and Food Riots

Free Markets and Food Riots
Author: John K. Walton
Publisher: John Wiley & Sons
Total Pages: 398
Release: 2008-09-15
Genre: Social Science
ISBN: 0470712716

This book describes and explains the extraordinary wave of popular protest that swept across the so-called Third World and the countries of the former socialist bloc during the period from the late 1970s to the early 1990s, in response to the mounting debt crisis and the austerity measures widely adopted as part of economic "reform" and "adjustment". Explores this general proposition in a cross-national study of the austerity protests, or the 'IMF Riots' that have affected so many debtor nations since the mid-1970s Argues that modern austerity protests, like the classical "bread riots" in eighteenth-century Europe are political acts aimed at injustice, but acts that are an integral part of the process of international economic and political restructuring Evaluates how modern food riots are most important for what they reveal about global economic transformation and its social, and political, consequences Provides a general framework (drawing on comparative and historical material) and then trace the cycle of uneven development, debt, neo-liberal reform, and protest in Latin America, Africa, Asia, the Middle East, and Eastern Europe Focusses on the role of women in structural adjustment and protest politics and the features of seemingly anomalous cases which qualify the general argument