The economic impact of International Monetary Fund programmes : institutional quality, macroeconomic stabilization and economic growth / Omer Javed.

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The economic impact of International Monetary Fund programmes : institutional quality, macroeconomic stabilization and economic growth / Omer Javed.

9783319291789 (electronic book)
3319291785 (electronic book)
9783319291772

Cham : Springer, [2016]

©2016

English

1 online resource (xxi, 125 pages).

HG3881

332.042

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. .

Includes bibliographical references.

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