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Economic and Financial Crises in Emerging Market Economies$
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Martin Feldstein

Print publication date: 2003

Print ISBN-13: 9780226241098

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226241104.001.0001

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IMF Structural Programs

IMF Structural Programs

(p.363) 5 IMF Structural Programs
Economic and Financial Crises in Emerging Market Economies

Morris Goldstein

Timothy F. Geithner

Paul Keating

Yung Chul Park

University of Chicago Press

This chapter examines the role of structural policies in International Monetary Fund (IMF) supported adjustment programs on financial crises in emerging market economies. Structural policies are those aimed at reducing or dismantling government-imposed distortions such as trade liberalization, disclosure policies and privatization policies. This chapter also summarizes the main concerns and criticisms that have been expressed about the IMF's existing approach to structural policy conditionality.

Keywords:   International Monetary Fund, IMF, structural policies, financial crises, emerging market economies, trade liberalization, disclosure policies, privatization policies, structural policy conditionality

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