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Research Activities

Research Projects

FY 2006/2007 Research Topic: 4-24
The IMF and Developing Countries

Outline

It is very important for developing countries to maintain a stable macroeconomic environment as it is a necessary condition for sustaining economic development. When external macroeconomic stability (i.e., stability in the balance of payment and exchange rate) becomes unsustainable, the international community provides assistance, normally via the International Monetary Fund (IMF). In other words, the IMF is expected to be the keystone of the international safety net for macroeconomic stability. However, there are sometimes questions about whether the IMF properly fulfils this role. It came under particularly strong criticism concerning its operations during the Asian currency crisis in 1997-98.

This research project evaluates the functions and roles of the IMF, and provides basic speculations on reform of the IMF or the ideal setup for international financial cooperation. We will try to analyze not only the IMF's policy from an economic perspective, but also problems in its governance, institutional structure, and the political economy surrounding it.

Period

April 2006 - March 2008

Organizer

KUNIMUNE Kozo

Members of the Research Project

KUNIMUNE Kozo
KASHIWABARA Chie
KODAMA Masahiro
NAKAGAWA Rika
KUMAKURA Masanaga (Assistant Professor, Graduate School of Economics, Osaka City University)

Publications