The Aid Scheme Of IMF And Economic Restructuring Of The Financial Crisis Country

International Monetary Fund (IMF ) was playing a not very noticeable role in more than 20 years after it is established, this was because that in the Bretton Woods System, every developed country's currency was kept regular conversion ratio to U.S. dollar , and capitalist national economy kept increasing steadily and fast, the demand for loan to IMF is not big. Entering the seventies of the 20th century, the fixed exchange rate system collapsed , the world economy began to enter a stage full of uncertainty, IMF conditional loan began to appear , and was directed against developing countries mainly. But the number was still relatively small. Since 1990s, the extensive financial crisis has broken out in succession in such emerging market economy countries as Mexico , various countries of east Asia , Russia , Brazil , Argentina ,etc., The additional structural adjustment plan attached to the support finance has caused a series of disputes , the core of the dispute is whether such structural adjustment plan is really essential , how on earth its result is, this paper attempts to carry on the discussion to this question. And put forward policy recommendation about how crisis countries reply to IMF conditional loan. This paper is divided into five parts altogether. First part is the introduction, including research background and research purpose , idea and method . Though a lot of scholars have already analyzed the effect of IMF conditional loan, but the research generally lacked deep analysis of one country's case, and it often adopt transnational comparative analytical method. So I begin with positive analysis of the country, and probe into how on earth IMF conditional loan work in the economic restructuring of one country. The idea of this paper is, explaining the developing stage of history of IMF and its conditional loan at first, and do a preliminary evaluation and analysis of the dispute around the conditionality ; then surveying theory secondly, after introduction of relevant measurement economic model, I put forward my view; Then through analyzing the adjustment of IMF conditional loan to Korean economic structure, I appraise to its result; At last the conclusion is reached. The methodologies adopted are positive analysis and dynamic analysis. Second part is the historical evolution of IMF and its conditional loan, which is divide into three stages: Fixed exchange rate era, floating rate era, and progress since 1990s,I explained separately the historical course of IMF since the establishment of it ,from solving the problem of the payment to boosting economic growth , in the end introduce and analyze all sorts of dispute on the conditional loan in the 1990s, then point out that the key problem to solve the dispute is how to appraise the performance of conditional loan. The third part I introduce one commonly used calculation of the performance of IMF conditional loan firstly , then compare four kinds of different computing technologies respectively: Before-After approach(BA ), With-Without approach (WW ) , Generalized Evaluation Estimator approach (GEE ) and Comparison of Simulations approach(SIM ), then analyze the relevant research results in recent years , then point out the deficiency existing in these methods finally –not joining the characteristic of each crisis country in the model , and put forward my own idea of research at the same time...