The International Monetary Fund and the World Economy

A large and growing academic literature seeks to analyse the key aspects of the International Monetary Fund's operations from both theoretical and empirical perspectives. This two-volume set draws together what are generally acknowledged to be the most important contributions. In the main it focuses on the economics of the IMF but also reflects the fact that a full understanding of the Fund will only be achieved if its political dimensions are also addressed. The collected articles demonstrate the way in which research on the IMF has evolved over time. They cover the role of the IMF, the determinants of IMF lending, conditionality and the implementation and effects of IMF programs, the prolonged use of IMF resources as well as the IMF's own reserve asset, the Special Drawing Right. No serious student of the IMF will want to be without this up-to-date and comprehensive collection.