EconPapers    
Economics at your fingertips  
 

The IMF to the rescue: did Greece benefit from the fund’s experience in dealing with highly indebted countries?

Sebastian Dullien (), Barbara Fritz and Laurissa Mühlich

Journal of Economic Policy Reform, 2019, vol. 22, issue 4, 369-383

Abstract: The paper analyses how the IMF brought its experience concerning the distinction between liquidity and solvency crises and their adequate handling gained during earlier crises into the troika’s approach to Greece. We link multiple equilibria models with the IMF’s experience gained in Latin America in the 2000s and subsequent changes in the IMF’s policy guidelines. We show that the IMF changed its approach after the Argentinian crisis but ignored some of these insights in the case of Greece. Hence, we argue that the inclusion of the IMF in Europe’s crisis-fighting did not completely deliver what had been hoped for.

Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/17487870.2018.1457960 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jecprf:v:22:y:2019:i:4:p:369-383

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/GPRE20

DOI: 10.1080/17487870.2018.1457960

Access Statistics for this article

Journal of Economic Policy Reform is currently edited by Dr Judith Clifton

More articles in Journal of Economic Policy Reform from Taylor and Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2022-08-11
Handle: RePEc:taf:jecprf:v:22:y:2019:i:4:p:369-383