International Monetary Fund And Latin America
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A01=Manuel Pastor
A01=Manuel Pastor Jr
Author_Manuel Pastor
Author_Manuel Pastor Jr
balance of payments research
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Category=JP
Current Account Ratio
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Excess Demand
Excess Supply
Gdp Deflator
IMF Agreement
IMF Direction
IMF impact on social inequality
IMF Intervention
IMF Official
IMF Package
IMF Policy
IMF Program
IMF Resource
IMF Stabilization
IMF Stabilization Program
IMF's Demand
IMF's Idea
IMF's Management
IMF's Project
IMF's Role
income distribution effects
inflation stabilization strategies
International Bank
Large Money Center Banks
Latin American economies
macroeconomic policy analysis
Non-program Countries
Program Countries
Real Consumption Wage
structural adjustment programs
Product details
- ISBN 9780367308650
- Weight: 340g
- Dimensions: 152 x 229mm
- Publication Date: 31 May 2021
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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The debt crisis in Latin America has rekindled debate about the effects of the IMF's stabilization programs in the Third World. Critics contend that these programs have short-run recessionary impacts and damage prospects for long-term growth. In response, Fund economists point to cross-country studies revealing mixed impacts on growth rates coupled with significant success in achieving the IMF's stated goals: current account and balance-of-payments improvements and inflation rate reduction. Dr. Pastor argues that the traditional growth-oriented critique is theoretically misplaced, and he recasts Fund activities in terms of class and income distribution. Applying the methodology of previous Fund studies, he evaluates the effects of IMF programs in eighteen Latin American countries in the pre-crisis period (1965-1981).
Manuel Pastor, Jr., is assistant professor of economics at Occidental College.
