Research seminar: “The IMF, the bailout, conditionality and Ireland”

The Research Centre of the Faculty of Economics cordially invites you to a research seminar on Wednesday, 26th November 2014 at 12 p.m. in room P-109 at the Faculty of Economics, University of Ljubljana

Dr. Charles Larkin, School of Business and Institute for International Integration Studies, Trinity College, Dublin ,Ireland

will present the article:

“The IMF, the bailout, conditionality and Ireland”

“This paper looks at the role of IMF conditionality using the Irish bailout experience. IMF conditionality has long history and developed from a series of pre-existing legal and institutional frameworks that allow the IMF to taken on a fundamental role in the re-organization of programme countries. In the case of Ireland, an advanced, wealthy, Eurozone economy, the role of conditionality was complex, having to incorporate the limitations of the European Commission and the ECB. Though traditional fiscal targets were set, a series of more fundamental legislative, regulatory and market-structure performance requirements were laid down by the December 2010 Memorandum of Understanding. While past non-EU programmes have been about fiscal fundamentals and the balance of payments, EU programmes, especially the Irish, have been about the structural reform of the regulatory and legislative framework towards macro and microeconomic objectives. This represents a more complex programme approach by the IMF and I would argue poses serious challenges to the long term success of Troika bailouts.”

You can register for the free seminar by phone(01) 58-92-490, or via e-mail: research.seminars@ef.uni-lj.siby Tuesday, 25th November 2014.

We look forward to seeing you!

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