This paper explores Milton Friedman's views on conditional lending by the International Monetary Fund (IMF). Conditional lending by international financial institutions, which began with a few IMF stand-by arrangements in the 1950s and grew to include extensive World Bank structural adjustment...

In this paper, we examine the effect of IMF (imposed) programs on countries income inequality for the period 1963-2015. To deal with selection bias, we use a potential outcomes framework, which does not rely on the selection of matching variables and has the further advantage of uncovering the...

This paper presents a series of perspectives on the political economy of the FATF and IMF in Pakistan for the calendar year 2019 (Vol. 1). It raises concerns about the excess politicization of the financial task force and how this impedes the fairness and efficiency of the international...

Over the past 40 years, the International Monetary Fund (IMF) has played a central role in the sovereign debt restructuring process. If the COVID-19 pandemic leads to a significant wave of sovereign debt distress, this role will be closely scrutinized. The paper analyzes how IMF policies have...

The global financial crisis led to the world-wide economic and financial uncertainty and instability. Currencies throughout the world got disbalanced and became unstable. This research paper is designed in a respect of promotion of currency stability with reference to International Monetary Fund...

Cross-border financial integration has increased the need to make suitable multilateral arrangements for global financial cooperation and oversight – these include more intense and more effective financial sector surveillance by the International Monetary Fund (IMF). The financial sector has a...

Financial assistance provided by the International Monetary Fund (IMF) is supposed to unlock other financing, acting as a catalyst for private capital flows. The empirical evidence of the presence of such a catalytic effect has, however, been mixed. This paper shows that a possible explanation...