Money Talks
Subtitle: The International Monetary Fund, Conditionality and Supplementary Financiers
Edition: 1 edition
Publisher: Stanford University Press
Published: July 26, 2006
Language: eng
Format: Hardcover
Number of pages: 296
ISBN-13: 9780804752794
Subjects: Banking; International finance; Political Science; Business / Economics / Finance; Politics/International Relations; Banks & Banking; Political Science / International Relations; International Relations - General; International Monetary Fund
Description: "Money Talks argues that, contrary to conventional explanations, the changes in the terms of International Monetary Fund (IMF) conditionality agreements are best explained by shifts in the sources of borrowing state financing. The Fund regularly relies on external financing to supplement its loans to countries facing payment imbalances. As a result, these supplementary financiers are able to exercise leverage over the Fund and the design of its conditionality programs." "The book's conclusions are supported by rich empirical material gathered directly from the IMF archives, including descriptive statistics and statistical analyses using an original data set, which is the first to code the terms of 249 Fund conditionality agreements from 1952 - when Fund conditionality began - to 1995, as well as case studies substantiated with archival and interview evidence."--Jacket.