The programs of the International Monetary Fund were originally designed to provide short-term assistance to countries implementing policies to address balance of payments disequilibria. In recent decades, however, the Fund has instituted new facilities with longer time horizons, while many...

Recent research on the International Monetary Fund has focused on the adoption, implementation and impact of their lending programs and their political dimensions. This paper evaluates this literature and suggests promising areas of future work. The first area to be surveyed deals with the...

This paper evaluates the literature on the lending programs of the IMF. The first section deals with the initiation of a Fund program, which has been shown to be influenced by political and institutional variables. A second focus of research analyzes the design and implementation of Fund...

This paper uses a fixed-effects model to analyze the effect of IMF programs on poverty with data from 82 countries during 1985 to 2000. Two indicators of poverty, infant mortality rates and the Human Development Index (HDI), are utilized, and the effects of the IMF's concessionary and...

This paper presents a model of the implementation of IMF programs, which is empirically tested with data from the period 1975-99. The IMF and the borrowing country are shown to have asymmetric evaluations of a program's discounted benefits, due to differences in the measurement of the benefits,...