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"The Silent Revolution:" Professional Training, Sympathetic Interlocutors, and IMF Lending |
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Abstract:
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This paper examines the lending behaviour of the International Monetary Fund (IMF or Fund). In contrast to the existing literature, which attributes IMF lending to powerful member state interests and various economic determinants, I argue that the emergence of interlocutors sympathetic to the staff’s policy goals critically shapes the Fund’s willingness to “supply” a loan of a particular size as well as a government’s willingness to “demand” it. Similar professional training and work experience are critical factors, as they foster close ties between the Fund staff and their domestic interlocutors as well as shared understandings about the “appropriate” direction for policy. The Fund staff seek out sympathetic interlocutors due to normative biases and career advancement incentives, while sympathetic interlocutors seek out the Fund because they desire assistance in their domestic political struggles. I assess these arguments using a new dataset capturing the professional training background of IMF staff and emerging market and developing country officials. The evidence strongly suggests that sympathetic interlocutors matter: larger loans are extended to countries where government officials and the Fund staff share similar training. |
Most Common Document Word Stems:
fund (141), imf (141), staff (103), program (83), offici (71), interlocutor (67), sympathet (62), polici (61), train (54), govern (52), bank (52), econom (50), loan (48), countri (48), also (46), polit (45), intern (43), financi (40), depart (39), reform (39), negoti (38), |
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Association:
Name: American Political Science Association URL: http://www.apsanet.org
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Citation:
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MLA Citation:
| Chwieroth, Jeffrey. ""The Silent Revolution:" Professional Training, Sympathetic Interlocutors, and IMF Lending" Paper presented at the annual meeting of the American Political Science Association, Hyatt Regency Chicago and the Sheraton Chicago Hotel and Towers, Chicago, IL, Aug 30, 2007 <Not Available>. 2011-06-09 <http://www.allacademic.com/meta/p210967_index.html> |
APA Citation:
| Chwieroth, J. M. , 2007-08-30 ""The Silent Revolution:" Professional Training, Sympathetic Interlocutors, and IMF Lending" Paper presented at the annual meeting of the American Political Science Association, Hyatt Regency Chicago and the Sheraton Chicago Hotel and Towers, Chicago, IL Online <APPLICATION/PDF>. 2011-06-09 from http://www.allacademic.com/meta/p210967_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Abstract: This paper examines the lending behaviour of the International Monetary Fund (IMF or Fund). In contrast to the existing literature, which attributes IMF lending to powerful member state interests and various economic determinants, I argue that the emergence of interlocutors sympathetic to the staff’s policy goals critically shapes the Fund’s willingness to “supply” a loan of a particular size as well as a government’s willingness to “demand” it. Similar professional training and work experience are critical factors, as they foster close ties between the Fund staff and their domestic interlocutors as well as shared understandings about the “appropriate” direction for policy. The Fund staff seek out sympathetic interlocutors due to normative biases and career advancement incentives, while sympathetic interlocutors seek out the Fund because they desire assistance in their domestic political struggles. I assess these arguments using a new dataset capturing the professional training background of IMF staff and emerging market and developing country officials. The evidence strongly suggests that sympathetic interlocutors matter: larger loans are extended to countries where government officials and the Fund staff share similar training. |
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| Document Type: |
application/pdf |
| Page count: |
38 |
| Word count: |
11895 |
| Text sample: |
| “The Silent Revolution:” Professional Training Sympathetic Interlocutors and IMF Lending Jeffrey M. Chwieroth Department of International Relations London School of Economics Houghton Street London WC2A 2AE United Kingdom Email: j.m.chwieroth@lse.ac.uk TEL: +44 (0) 20 7955 7209 FAX: +44 (0) 20 7955 7446 Abstract This paper examines the lending behaviour of the International Monetary Fund (IMF or Fund). In contrast to the existing literature which attributes IMF lending to powerful member state interests and various economic determinants I argue that |
| 100 UK UN Affinity 54.96 12.87 31.64 89.19 France UN Affinity 64.14 10.9 39.35 91.42 Germany UN Affinity 70.84 9.47 49.25 100 US Bank Exposure 1.92 2.99 0.006 13.43 Major Europe Bank Exposure 1.13 1.48 0.023 6.84 Japan Bank Exposure 1.21 1.75 0.002 8.8 UK Bank Exposure 1.08 1.59 0.006 7.45 France Bank Exposure 1.2 1.55 0.006 7.65 Germany Bank Exposure 0.99 1.42 0.004 5.95 38 |
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