Law And Policy Of Imf Conditionality
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Law And Policy Of Imf Conditionality
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Author : Erik M.G. Denters
language : en
Publisher: BRILL
Release Date : 2023-08-28
Law And Policy Of Imf Conditionality written by Erik M.G. Denters and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-28 with Business & Economics categories.
IMF conditionality has been severely criticised by developing countries, who accuse the Fund of unjustly provoking political turmoil and causing poverty. This refers to the policies that a member country is required to follow in order to be able to use the Fund's resources. Conditionality is legally based on the requirement to adopt `adequate safeguards' for the use of resources as stipulated by the IMF's Articles of Agreement. This work focuses on legal implications and policy aspects and, more specifically, on the question of how far-reaching the requirement of `adequate safeguards' may be. Furthermore, the author demonstrates that conditionality is also affected by cooperative arrangements with other institutions, such as the World Bank and United Nations. A major conclusion is that there should be improvements in cooperation and in the monitoring of the application of Fund law on conditionality. Scholars and students who take a deep interest in international economic relations will find this book a unique opportunity to study the legal framework of conditionality. Government officials preparing for negotiations with the Fund will also benefit from reading this work.
Imf Conditionality
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Author : John Williamson
language : en
Publisher: MIT Press (MA)
Release Date : 1983
Imf Conditionality written by John Williamson and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Business & Economics categories.
The twenty-one contributions in this book assess the controversy surrounding the Fund and provide judgments about the criteria for Fund lending which should help readers understand and analyze both its ongoing role in smoothing adjustment to international payments imbalances and its currently critical position in responding to the debt crisis.
Conditionality In Evolving Monetary Policy Regimes
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2014-05-03
Conditionality In Evolving Monetary Policy Regimes written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-03 with Business & Economics categories.
With single-digit inflation and substantial financial deepening, developing countries are adopting more flexible and forward-looking monetary policy frameworks and ascribing a greater role to policy interest rates and inflation objectives. While some countries have adopted formal inflation targeting regimes, others have developed frameworks with greater target flexibility to accommodate changing money demand, use of policy rates to signal the monetary policy stance, and implicit inflation targets.
Money Talks
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Author : Erica R. Gould
language : en
Publisher: Stanford University Press
Release Date : 2006
Money Talks written by Erica R. Gould and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Political Science categories.
analyzes the changes in conditions placed on International Monetary Fund loans to states over the last fifty years and argues that the changes can be explained by shifts in the sources of the IMF's funding.
Complicity And Its Limits In The Law Of International Responsibility
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Author : Vladyslav Lanovoy
language : en
Publisher: Bloomsbury Publishing
Release Date : 2016-09-22
Complicity And Its Limits In The Law Of International Responsibility written by Vladyslav Lanovoy and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-22 with Law categories.
This book examines the responsibility of States and international organizations for complicity (aid or assistance) in an internationally wrongful act. Despite the recognition of responsibility for complicity as a rule of customary international law by the International Court of Justice, this book argues that the effectiveness and utility of this form of responsibility is fraught with systemic and operational limits. These limits include a lack of clarity in its constituent elements, its co-existence with primary rules prohibiting complicity and the obligations of due diligence, its implementation and the underlying causal tests, its uncertain relationship to other forms of shared and indirect responsibility, and its potential as a form of attribution of conduct. This book submits that the content and elements of this form of responsibility need adjustments to respond more effectively to the phenomenon of complicity in international affairs. Awarded The Paul Guggenheim Prize in International Law 2017!
The International Monetary Fund Under Constraint
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Author : Eva Riesenhuber
language : en
Publisher: BRILL
Release Date : 2021-08-04
The International Monetary Fund Under Constraint written by Eva Riesenhuber and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-04 with Business & Economics categories.
The International Monetary Fund under Constraint exposes a legal dilemma facing the IMF as it tackles international crisis management. Using the Asian crisis - and more particularly economic and political events in Indonesia - as an example, this volume examines whether the Fund's activities in Asia were legally justified. The results of this analysis lead to the following question: What future role can the IMF play in the international financial architecture? The principles of international law and the legal foundations of the Fund are used to analyse the reform suggestions of economic experts and to find a suitable concept for future IMF involvement in financial crises and crises prevention. This volume is a long-overdue legal analysis of IMF activities. It presents the combination of law and economics which was originally at the heart of the IMF but which so far has been ignored in today's reform discussion.
The Scarcity Of Water Emerging Legal And Policy Responses
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Author : Edward Brans
language : en
Publisher: Kluwer Law International B.V.
Release Date : 1997-05-14
The Scarcity Of Water Emerging Legal And Policy Responses written by Edward Brans and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05-14 with Law categories.
The threat of water scarcity touches human populations and ecosystems worldwide. This work overviews the various legal responses to conflicts involving water as a resource. It addresses the continuous development of water law in the face of new water shortage scares. The distinguished team of contributors analyses the nature of the problem, international water law, legal and policy responses to water scarcity in selected regions, and the emergence of a new body of economic water law. Contributing experts in the field of water law and policy reveal the diverse and dynamic development of water law and the interaction between the legal and policy responses at the international, regional, and national levels. A result of the conference `Scarcity of Water, International, European and National Legal Aspects' held at the Faculty of Law of the Erasmus University, Rotterdam in October 1995, this book also contains a selection of papers presented at the conference.
Yearbook On International Investment Law And Policy 2012 2013
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Author : Andrea K. Bjorklund
language : en
Publisher: OUP Us
Release Date : 2014
Yearbook On International Investment Law And Policy 2012 2013 written by Andrea K. Bjorklund and has been published by OUP Us this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
The Yearbook on International Investment Law & Policy 2012-2013 monitors current developments in international investment law and policy, focusing on recent trends and issues in foreign direct investment (FDI). It includes essays from the Symposium on Sustainable Development and International Investment Law: Bridging the Divide, as well as pertinent general articles. With contributions by leading experts in the field, this title provides timely, authoritative information on FDI that can be used by a wide audience, including practitioners, academics, researchers, and policy makers.
The Imf And Economic Development
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Author : James Raymond Vreeland
language : en
Publisher: Cambridge University Press
Release Date : 2003-03-03
The Imf And Economic Development written by James Raymond Vreeland and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-03-03 with Business & Economics categories.
Why do governments turn to the International Monetary Fund (IMF) and with what effects? This book argues that governments enter IMF programs for economic and political reasons, and finds that the effects are negative on economic growth and income distribution. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. Note that if governments desiring conditions are more likely to participate, estimating program effects is not straightforward: one must control for the potentially unobserved political determinants of selection. This book addresses the selection problem using a dynamic bivariate version of the Heckman model analyzing cross-national time-series data. The main finding is that the negative effects of IMF programs on economic growth are mitigated for certain constituencies since programs also have distributional consequences. But IMF programs doubly hurt the least well off in society: they lower growth and shift the income distribution upward.
Principles Of International Economic Law
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Author : Matthias Herdegen
language : en
Publisher: OUP Oxford
Release Date : 2013-01-10
Principles Of International Economic Law written by Matthias Herdegen and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-10 with Law categories.
Principles of International Economic Law gives a comprehensive overview of the central topics in international economic law, with an emphasis on the interplay between the different economic and political interests on both the international and domestic levels. The book sets the classic topics of international economic law, WTO law, investment protection, commercial law, and monetary law in context with human rights, environmental protection, good governance, and the needs of developing countries. It thus provides a concise picture of the current architecture of international economic law. Topics covered range from codes of conduct for multinational enterprises, to the human rights implications of the exploitation of natural resources. The book demonstrates the economic foundations and economic implications of legal frameworks. It puts into profile the often complex relationship between, on the one hand, international standards on liberalization and economic rationality and, on the other, state sovereignty and national preferences. It describes the new forms of economic cooperation which have developed in recent decades, such as the growing number of transnational companies in the private sector, and forms of cooperation between states such as the G8 or G20. Providing a perfect introductory text to the field of international economic law, the book thoroughly analyses legal developments within their wider political, economic, or social context.