<abstract xmlns="http://www.w3.org/1999/xhtml"><p> We analyze empirically whether IMF financial assistance in 31 transition countries, during the transition and the post-transition period, has achieved the purposes stated in the IMF's own articles of agreement, namely employment enhancement, confidence provision and export promotion. By employing panel data and impact evaluation analysis, we find that IMF presence persistently fails to be correlated with upgrades in sovereign rating, FDI attraction and employment improvement. By focusing on specific IMF policies, we present some intriguing results, which reveal whether these individual policies actually contribute to the achievement of the official IMF purposes or not.</p></abstract>

We analyze empirically whether IMF financial assistance in 31 transition countries, during the transition and the post-transition period, has achieved the purposes stated in the IMF's own articles of agreement, namely employment enhancement, confidence provision and export promotion. By employing panel data and impact evaluation analysis, we find that IMF presence persistently fails to be correlated with upgrades in sovereign rating, FDI attraction and employment improvement. By focusing on specific IMF policies, we present some intriguing results, which reveal whether these individual policies actually contribute to the achievement of the official IMF purposes or not.

IMF programs and policies assessment in the transition economies during the transition and the post-transition period

Journal of Heterodox Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

We analyze empirically whether IMF financial assistance in 31 transition countries, during the transition and the post-transition period, has achieved the...

IMF programs and policies assessment in the transition economies during the transition and the post-transition period

Published Online: Apr 28, 2018

Page range: 102 - 127

DOI: https://doi.org/10.1515/jheec-2016-0006

Keywords
IMF programs, Success of IMF Programs, Transition Economies

© 2018

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

IMF programs and policies assessment in the transition economies during the transition and the post-transition period

Published Online: Apr 28, 2018

Page range: 102 - 127

DOI: https://doi.org/10.1515/jheec-2016-0006

KeywordsIMF programs, Success of IMF Programs, Transition Economies

© 2018

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
IMF programs, Success of IMF Programs, Transition Economies