Effects of the IMF and the World Bank on Financial Policy Reforms

2016 Fiscal Year Final Research Report

• Project/Area Number: 25380202
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: International relations
• Research Institution: International Christian University
• Principal Investigator: OMORI Sawa 国際基督教大学, 教養学部, 上級准教授 (20419253)
• Project Period (FY): 2013-04-01 – 2017-03-31
• Keywords: 国際通貨基金 / 国際金融ガバナンス / 政府開発援助 / 世界金融危機 / 金融改革 / 世界銀行

Outline of Final Research Achievements

This research project aims to assess the effect of the International Monetary Fund (IMF) and the World Bank on countries’ policy reforms by examining financial reforms and the impact of US loans. As a part of the project, I assessed the effects of the U.S. and Japan on the likelihood of IMF loan program approvals to examine the degree to which the IMF has changed since the Global Financial Crisis (GFC). The results demonstrate that U.S. interests significantly increased the likelihood of IMF program approvals before the GFC. However, since the GFC, the U.S.’s influence on IMF programs has been noticeably diminished. In addition, Japan’s independent significant influence on IMF programs has only been observed in the Asian region―not on a global scale―during the pre-GFC period.

Free Research Field

国際関係学・国際政治経済