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Palgrave Macmillan

The Politics of IMF Lending

  • Book
  • © 2013

Overview

Authors:
  1. Michael Breen

    1. Dublin City University, Ireland

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Part of the book series: International Political Economy Series (IPES)

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction

    1. Introduction

      • Michael Breen
      Pages 1-9

  3. Theory

    1. Front Matter

      Pages 11-11
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    2. Who Controls the IMF?

      • Michael Breen
      Pages 13-26

    3. Domestic Interests and IMF Programs

      • Michael Breen
      Pages 27-42

    4. The Impact of the Shareholders on IMF Programs

      • Michael Breen
      Pages 43-67

  4. Evidence

    1. Front Matter

      Pages 69-69
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    2. Testing the Argument

      • Michael Breen
      Pages 71-84

    3. IMF Lending

      • Michael Breen
      Pages 85-104

    4. IMF Lending and the Crisis in Europe

      • Michael Breen
      Pages 105-122

    5. IMF Conditionality

      • Michael Breen
      Pages 123-140

    6. IMF Conditionality and the Asian Crisis

      • Michael Breen
      Pages 141-157

  5. Implications

    1. Front Matter

      Pages 159-159
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    2. Theory, Evidence, and Reform

      • Michael Breen
      Pages 161-169

  6. Back Matter

    Pages 170-219
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Keywords

About this book

As national governments continue to disagree over how to respond to the aftermath of the global financial crisis, two of the few areas of consensus were the decisions to increase the IMF's capacity to respond and remove the policies designed to limit the use of its resources. Why was this massive increase in the size of the IMF, accompanied by the removal of policies designed to limit moral hazard, such an easy point of consensus? Michael Breen looks at the hidden politics behind IMF lending and proposes a new theory based on shareholder control. To test this theory, he combines statistical analysis with a sweeping account of IMF lending and conditionality during two global crises; the European sovereign debt crisis and the Asian financial crisis.

Authors and Affiliations

  • Dublin City University, Ireland

    Michael Breen

About the author

Michael Breen is Lecturer at Dublin City University, Ireland, specializing in International Relations and International Political Economy. His recent work on the IMF has been published in the European Journal of International Relations and his work on the politics of sovereign debt is forthcoming in International Studies Quarterly.

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