From Economic Crisis to Reform

Grigore Pop-Eleches is assistant professor of politics and international affairs in the Woodrow Wilson School and the Department of Politics at Princeton University.

• List of Illustrations and Tables ix List of Abbreviations xiii Preface xv Chapter 1: Introduction 1 Chapter 2: A Theoretical Approach to IMF Program 27 Initiation and Implementation Appendix to Chapter 2--Statistical Indicators and Methods 53 Chapter 3: Changing Crisis "Recipes": The International Drivers of IMF Programs 66 Chapter 4: Navigating External Crises: Case Study Evidence 105 Chapter 5: Domestic Political Responses to Economic Crises 135 Chapter 6: Domestic Crisis Politics: Case Study Evidence 174 Chapter 7: The Great Reconciliation?--Latin America and the IMF in the 1990s 238 Chapter 8: Theoretical Conclusions and Policy Implications 284 Appendix--A Formal Model of IMF Program Initiation and Implementation 307 Bibliography 323 Index 335

Honorable Mention for the 2010 Ed A. Hewett Book Prize, Association for Slavic, East European, and Eurasian Studies (ASEEES) "This is an excellent book which brings a new and interesting perspective to an important issue. With the current global financial crisis heightening demand for IMF resources this book could not be timelier... From Economic Crisis to Reform is an important study and a model of rigorous mixed method research that makes a significant contribution and that should be read widely. As the current global financial crisis prompts a number of former communist countries in Eastern Europe to turn to the IMF for support, scholars interested in understanding how such programs are likely to evolve should start by turning to Pop-Eleches's book."--Jeffrey Chwieroth, Review of International Organizations "This is a sophisticated and substantively rich book. In addition to making a significant contribution to the burgeoning subfield of International Monetary Fund studies, it serves as a rare example of multimethod research that combines formal modeling, quantitative testing, and qualitative case studies. From Economic Crisis to Reform is informative even for a specialist and accessible even for a newcomer to the field."--Randall Stone, Perspectives on Politics "From Economic Crisis to Reform is a very rich, carefully researched work that is especially commendable for its ambitious research design, aimed at accounting for the dynamics of international- and domestic-level interactions regarding economic reform. Its comprehensive and illuminating nature should make it an indispensable reading for students of international and comparative political economy, international relations, and comparative politics more broadly. Its nuanced discussion should also make the book of great interest to area specialists and practitioners alike."--Aleksandra Sznajder Lee, Comparative Political Studies "The author's focus on regional and temporal factors is buttressed by an impressive research design... Pop-Eleches has written a book that will be insightful for those looking to understand the future evolution of developing-country economies."--Martin S. Edwards, Political Science Quarterly "Grigore Pop-Eleches, a political scientist, has written a useful book on the interactions among the economic and political interests of the IMF and its interlocutor governments during initiation and implementation of programmes... [From Economic Crisis to Reform] is really interesting and well written, and the empirical analysis is carefully implemented."--Sylvia Marchesi, Economic Record "[From Economic Crisis to Reform] presents a tremendous amount of information and provides a number of interesting insights into the politics of IMF programs."--C. Kilby, Choice