The Research on the Conditionality of International Monetary Fund with Developing Countries
| Autor: | Tang, Yu-Cing, 唐于晴 |
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| Rok vydání: | 2015 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 103 Although IMF has corrected their lending toolkit for several times, it still been maligned by international public opinion. In “Articles of Agreement of the IMF” Article I, emphasized the purposes of IMF to maintain balance of international payments by offering loans. However, IMF lending is always attached conditionality, to confidence the resources of Fund would be uses by member state under adequate safeguards. Conditionality is series macroeconomic and structural policies for borrower countries to solve balance of payments problems. IMF has application of conditionality for world financial crisis in 1980-1990 frequently. It seems that countries-especially developing countries-were usually confronted with economic downturn to implemented policies of conditionality, such as Brazil in 1999, South Korea in 1997, and Greece in 2008. It makes developing countries decrease their demands for IMF lending by increase foreign exchange reserves. Thus, this study attempts to explore the impact of conditionality when IMF offering loans to developing countries, and propose reformations to the structure of IMF and conditionality. In academia, there have many researches between different disciplines. In order to make a complete discussion, this study based on interdisciplinary approach. It focused on legal study approach and combined with political science and economic studies of academia. The structure of this thesis is divided into 6 chapters. Chapter 1 introduced the structure of this thesis and directed to research purpose. In chapter 2, to defined the purpose of state loans and contrasted with personal loans in order to recognized the characteristic of sources offer by international organizations. And in this chapter it’s introduced the main international financial organizations-includes World Bank, IMF, New Development Bank, Asian Infrastructure Investment Bank, Chiang Mai Initiative Multilateralization, and regional development banks- for compared their structure, purpose, and loans with IMF. Chapter 3 for understands the conditionality’s operations and explored the legal character of conditionality. In chapter 4 and 5, this thesis was inquiry the practices of conditionality. According to past experiences, the results suggested that countries have enforced conditionality could be fallen into extreme pressure on its domestic economical status and society environments. Then the author raised some suggestion about reform IMF’s structure and conditionality. In the end, made the conclusion at chapter 6. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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