Evaluating Fund Stabilization Programs with Multicountry Data: Some Methodological Pitfalls

Morris Goldstein and Peter Montiel

Chapter 15 in Trade, Currencies, and Finance, 2017, pp 511-551 from World Scientific Publishing Co. Pte. Ltd.

Abstract: A noteworthy by-product of the continuing debate over the benefits and costs of Fund conditionality has been the development of a considerable empirical literature on Fund stabilization programs (that is, on stand-by and extended arrangements with the Fund). Furthermore, although the first studies of Fund program experience were carried out almost exclusively by Fund staff (for example, Reichmann and Stillson (1978), Reichmann (1978)), the past seven years have witnessed at least as much quantitative scrutiny of Fund programs from outside the Fund as from within it.

Keywords: Trade; Currencies; Finance; IMF; Financial Regulation; Trade Elasticities; China (search for similar items in EconPapers)
Date: 2017
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