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The politics of external approval: Explaining the IMF’s evaluation of austerity programmes

Hinterleitner, Markus, Sager, Fritz, Thomann, Eva, (2016), «The politics of external approval: Explaining the IMF’s evaluation of austerity programmes», Wiley Online Library, 21 Μαρτίου

During the European debt crisis, numerous states launched austerity programmes. The International Monetary Fund (IMF) evaluates and forecasts the likelihood of member states’ success in implementing these programmes. Although IMF evaluations influence country risk perceptions on capital markets, little is known about their reasoning. This article uses fuzzy-set qualitative comparative analysis (fsQCA) to explore on what grounds the IMF evaluated the success prospects of austerity programmes during the European debt crisis.

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