In This Review
IMF Conditionality

IMF Conditionality

Edited by John Williamson

Institute for International Economics, 1983, 679 pp.

The behavior the International Monetary Fund tries to exact from countries that borrow from it is often the subject of political and emotional reaction. But economic results are crucial if the world monetary system is to hold together. This large and excellent collection of papers and comments-mostly by economists-looks at the experience of a number of countries and has something to say on almost every aspect of the subject.