The document focuses on a key issue at a European level: The Role of the International Monetary Fund and the ideas behind its policy recommendations in the design of the bailout packages for the...Show moreThe document focuses on a key issue at a European level: The Role of the International Monetary Fund and the ideas behind its policy recommendations in the design of the bailout packages for the Southern European economies during the European Debt Crisis. The document attempts to shed some light on the debate around the IMF and its links to the Washington Consensus by conducting a quantitative study. Results show that, despite recent claims about a shift towards a more flexible framework, to a large extent, the IMF still follows the principles first laid out by John Williamson.Show less
