The IMF'S Role in Structural Adjustment
Bibliographic Data
| ID | 9708619 |
|---|---|
| Authors | Paul Collier (0009-0005-5671-6707, University of Oxford), Jan Willem Gunning (0000-0002-8402-8793, University of Oxford) |
| Year | 1999 |
| Volume | 109 |
| Issue | 459 |
| Pages | 634-651 |
| Publication date | 1999-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00475 |
| OpenAlex | W2076745589 |
| Language | EN |
| Citations received | 23 |
| References cited | 5 |
In the 1980s conditional lending for structural adjustment in developing countries moved the IMF beyond its role of macroeconomic crisis management. Fund-supported adjustment programmes have often been flawed by a lack of distributional analysis and by poor sequencing of reforms, notably premature financial liberalisation. As a result they have caused avoidable hardship. In addition, the attempt to taper out aid as part of the reform programme leads to avoidable reductions in post-stabilisation growth. An important role for the Fund in post-stabilisation environments is to provide credible signals to private investors
Developing country · Development economics · Economic growth · Economic policy · Economic reform · Economics · Financial system · International economics · Liberalization · Macroeconomics · Market economy · Monetary economics · Political science · Politics · Structural adjustment · Economic Growth and Development · Global Financial Crisis and Policies · International Development and Aid
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| Unique citing works | 23 |
|---|---|
| Citations per year | 0,96 |
| Citation span | 2002 - 2025 (24) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 23 |