[HTML][HTML] Insights into the IMF bailout debate: A review and research agenda

L Li, M Sy, A McMurray - Journal of Policy Modeling, 2015 - Elsevier
News reports of the International Monetary Fund's (IMF) activities abound in most countries
across the globe yet there is little consensus in the literature as to the effectiveness of the
IMF's work. The purpose of this study is to provide a systematic review of the IMF literature
that identifies the effects of IMF bailouts from the 1970s to the present. We investigate
significant elements and consequences of the IMF's bailout policies and implementation
approaches such as bailout effectiveness, moral hazard, conditionality, leadership …
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