ABSTRACT

This book brings together an international team of contributors to assess the political economy of the IMF and World Bank programmes.

The cutting-edge techniques of the new political economy are thus brought to bear on international issues for the first time. The book includes contributions from leading North American economists - Stephen Coate, Stephen Morris, Ravi Kanbur and Allen Drazen - as well as European-based analysts including Graham Bird and Frances Stewart.

chapter |16 pages

Introduction

part |2 pages

Part I Whither conditionality?

chapter 2|15 pages

Policy conditionality

BySTEPHEN COATE, STEPHEN MORRIS

chapter 4|27 pages

Empirical implications of endogenous IMF conditionality

ByPATRICK CONWAY

part |2 pages

Part II The international and domestic politics of IFI programs

chapter 5|32 pages

The high politics of IMF lending

BySTROM C . THACKER

chapter 6|38 pages

Money talks: supplementary financiers and IMF conditionality

ByERICA R . GOULD

chapter 8|27 pages

When the World Bank says yes: determinants of structural adjustment lending

ByM . RODWAN ABOUHARB AND DAVID L . CINGRANELLI

chapter 10|27 pages

The survival of political leaders and IMF programs

ByALASTAIR SMITH AND JAMES RAYMOND VREELAND

chapter 11|33 pages

Do PRSPs empower poor countries and disempower the World Bank, or is it the other way round?

ByFRANCES STEWART, MICHAEL WANG

part |2 pages

Part III Possible reforms of the IFIs

chapter 12|26 pages

Macroeconomic adjustment in IMF-supported programs: projections and reality

ByROUBEN ATOIAN, PATRICK CONWAY, MARCELO SELOWSKY

chapter 14|26 pages

Should the IMF discontinue its long-term lending role in developing countries?

ByGRAHAM BIRD, PAUL MOSLEY

chapter 15|15 pages

IFIs and IPGs: operational implications for the World

ByBank RAVI KANBUR

chapter 16|8 pages

Ownership, Dutch Disease, and the World Bank

ByGUSTAV RANIS

part |2 pages

PART IV Reflections on the international infrastructure

chapter 17|23 pages

Why it matters who runs the IMF and the World Bank

ByNANCY BIRDSALL