کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10479313 | 931608 | 2015 | 24 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Insights into the IMF bailout debate: A review and research agenda
ترجمه فارسی عنوان
نگاهی به بحث های کمک مالی صندوق بین المللی پول: دستورالعمل بررسی و تحقیق
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
کمک مالی شرایط اثربخشی، رشد اقتصادی،
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
News reports of the International Monetary Fund's (IMF) activities abound in most countries across the globe yet there is little consensus in the literature as to the effectiveness of the IMF's work. The purpose of this study is to provide a systematic review of the IMF literature that identifies the effects of IMF bailouts from the 1970s to the present. We investigate significant elements and consequences of the IMF's bailout policies and implementation approaches such as bailout effectiveness, moral hazard, conditionality, leadership, governance and the sustainability of IMF policy. Based on our review, we develop the 'Spiral of Doom' framework and argue that the effectiveness of the austerity package attached to bailout funds is questionable because the design of the package overlooks the recipient country's unique economic status and cultural background. We then propose financial engineering solutions as an alternative to IMF bailouts which it is envisaged may minimize the moral hazard problem associated with bailouts.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Policy Modeling - Volume 37, Issue 6, NovemberâDecember 2015, Pages 891-914
Journal: Journal of Policy Modeling - Volume 37, Issue 6, NovemberâDecember 2015, Pages 891-914
نویسندگان
Larry Li, Malick Sy, Adela McMurray,