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Argentina's Bargaining with the IMF

Published online by Cambridge University Press:  02 January 2018

Kendall W. Stiles
Kendall W. Stiles*
Affiliation:
Bowling Green State University (Ohio)
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Extract

The International Monetary Fund (IMF) recently published a pamphlet on the question of whether the IMF, as an institution, imposes austerity on debtors. The response focused on the second half of the question and argued that IMF adjustment programs were, in fact, not systematically austere. However, from a political perspective, the first half of the question is much more provocative. Does the IMF “impose” its will on member states, and, if so, how? Many have argued i that, by virtue of its political connections with the financial centers of the world and its intellectual sophistication, the so-called “negotiations” which debtor nations conduct with Fund staff, prior to the drafting of an agreement on lending conditions, is little more than an exercise in coercion on the part of the Fund.

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 29 , Issue 3 , Fall 1987 , pp. 55 - 86
Copyright
Copyright © University of Miami 1987

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