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The History of the IMF

A digital collection of publications about the history of the Fund

Collapse and Revival

Understanding Global Recessions and Recoveries

This comprehensive text puts the latest global recession and ongoing recovery in perspective by analyzing different phases of the global business cycle.

Resilience and Growth in the Small States of the Pacific

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Resilience and Growth in the Small States of the Pacific »

Series: Books

Author(s): Hoe Ee Khor, Roger Kronenberg, and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2016

DOI: http://dx.doi.org/10.5089/9781513507521.071

ISBN: 9781513507521

Keywords: Pacific islands, small states, natural disasters, climate change, foreign aid, resilience, dispersion, distance, remoteness, fisheries

Pacific island countries face unique challenges to realizing their growth potential and raising living standards. This book discusses ongoing challenges facing Pacific island countries and policy options to address them. Reg...

Breaking the Oil Spell
			: The Gulf Falcons' Path to Diversification

Breaking the Oil Spell : The Gulf Falcons' Path to Diversification »

Series: Books

Author(s): Reda Cherif, Fuad Hasanov, and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2016

DOI: http://dx.doi.org/10.5089/9781513537863.071

ISBN: 9781513537863

Keywords: environment, development, oil, capital, industry, Gulf Falcons,

The 'Gulf Falcons'-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for ...

Building Integrated Economies in West Africa
			: Lessons in Managing Growth, Inclusivemess, and Volatility

Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusivemess, and Volatility »

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

DOI: http://dx.doi.org/10.5089/9781513511832.071

ISBN: 9781513511832

Keywords: tax, monetary policy, market, interest, debt

The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, and enhance...

Taming Indian Inflation

Taming Indian Inflation »

Series: Books

Author(s): Paul Cashin, and Rahul Anand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2016

DOI: http://dx.doi.org/10.5089/9781513541259.071

ISBN: 9781513541259

Keywords: food, prices, demand, monetary policy

High and persistent inflation in India has presented serious macroeconomic challenges, such as widening the current account deficit, exposing India to global financial market turbulence, and slowing growth. A number of facto...

Africa on the Move
			: Unlocking the Potential of Small Middle-Income States

Africa on the Move : Unlocking the Potential of Small Middle-Income States »

Series: Books

Author(s): Lamin Leigh, and Ali Mansoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

DOI: http://dx.doi.org/10.5089/9781513588605.071

ISBN: 9781513588605

Keywords: environment, employment, bank, unemployment, labor

This book describes the reforms needed to move small middle-income countries in sub-Saharan Africa to advanced-economy status. The result of intense discussions with public officials in the countries covered, the book blends...

Public Financial Management in Latin America
			: The Key to Efficiency and Transparency

Public Financial Management in Latin America : The Key to Efficiency and Transparency »

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2016

DOI: http://dx.doi.org/10.5089/9781597822268.071

ISBN: 9781597822268

Keywords: accounting, cost, budget, procurement, debt

The efficiency, effectiveness, and transparency of public financial management in Latin America is critical for the supervision of public resources, fiscal stability, and sustainable economic development. In recent years, th...

Collapse and Revival
			: Understanding Global Recessions and Recoveries

Collapse and Revival : Understanding Global Recessions and Recoveries »

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

DOI: http://dx.doi.org/10.5089/9781513570020.071

ISBN: 9781513570020

As the debates about the recent global recession and the subsequent recovery have clearly shown, our understanding of these questions has been very limited. This comprehensive text puts the latest global recession and ongo...

Power Play
			: Energy and Manufacturing in North America

Power Play : Energy and Manufacturing in North America »

Series: Books

Author(s): Roberto Cardarelli, and Lusine Lusinyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 November 2015

DOI: http://dx.doi.org/10.5089/9781498364799.071

ISBN: 9781498364799

Keywords: energy, oil, gas, natural gas, electricity

This book tells the story of the energy-manufacturing nexus from the perspective of Canada, Mexico, and the United States, and the region as a whole. Using model simulations, chapters discuss the energy boom and its macroeco...

The Mechanics of a Strong Euro Area
			: IMF Policy Analysis

The Mechanics of a Strong Euro Area : IMF Policy Analysis »

Series: Books

Author(s): Petya Koeva Brooks, and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

DOI: http://dx.doi.org/10.5089/9781498305532.071

ISBN: 9781498305532

Keywords: debt, bank, banks, unemployment, lending

The euro area has experienced an unprecedented economic downturn and exceptional financial market turmoil in the past few years. Policymakers have faced the twin challenges of addressing cyclical economic weakness-not unlike...

Collapse and Revival
			: Understanding Global Recessions and Recoveries

Collapse and Revival : Understanding Global Recessions and Recoveries »

Series: Books

Author(s): M. Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 October 2015

DOI: http://dx.doi.org/10.5089/9781484370414.071

ISBN: 9781484370414

The world is still recovering from the most recent global recession associated with the 2008-09 financial crisis and the possibility of another downturn persists as the global economy struggles to regain lost ground. But, wh...