Background
Stone, Randall Warren was born on February 21, 1966 in Oxford, England. Son of Ronald Henry Stone and Joan Loftus Morris.
( With the end of the Cold War, the International Monetar...)
With the end of the Cold War, the International Monetary Fund emerged as the most powerful international institution in history. But how much influence can the IMF exert over fiercely contested issues in domestic politics that affect the lives of millions? In Lending Credibility, Randall Stone develops the first systematic approach to answering this question. Deploying an arsenal of methods from a range of social sciences rarely combined, he mounts a forceful challenge to conventional wisdom. Focusing on the former Soviet bloc, Stone finds that the IMF is neither as powerful as some critics fear, nor as weak as others believe, but that the answer hinges on the complex factor of how much credibility it can muster from country to country. Stone begins by building a formal, game-theoretic model of lending credibility, which he then subjects to sophisticated quantitative testing on original data from twenty-six countries over the 1990s. Next come detailed, interview-based case studies on negotiations between the IMF and Russia, Ukraine, Poland, and Bulgaria. Stone asserts that the IMF has exerted startling influence over economic policy in smaller countries, such as Poland and Bulgaria. However, where U.S. foreign policy interests come more heavily into play, as in Russia, the IMF cannot credibly commit to enforcing the loans-for-policy contract. This erodes its ability to facilitate enduring market reforms. Stone's context is the postcommunist transition in Europe and Asia, but his findings carry implications for IMF activities the world over.
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Stone, Randall Warren was born on February 21, 1966 in Oxford, England. Son of Ronald Henry Stone and Joan Loftus Morris.
Stone earned a Bachelor of Arts in government at Harvard University in 1988, and a Doctor of Philosophy in political science at Harvard University in 1993.
Director of the Skalny Center for Polish and Central European Studies at the University of Rochester, Stone speaks Russian, German, and Polish, and frequently travels to the region. Stone is also the author of Lending Credibility: The International Monetary Fund and the Post-Communist Transition (Princeton, ) and Satellites and Commissars: Strategy and Conflict in the Politics of Soviet-Bloc Trade (Princeton, 1996). He has been awarded grants by the National Science Foundation, Social Science Research Council, NCEEER, and International Research & Exchanges Board, and was a Senior Fulbright Scholar in Berlin.
Stone has also been cited by the New York Times, Consumer News and Business Channel, Public Broadcasting Service News, and Foreign Policy Magazine for his insight into current affairs in Ukraine and Crimea.
( With the end of the Cold War, the International Monetar...)
His articles have appeared in the American Political Science Review, International Organization, International Studies Quarterly, The Journal of Conflict Resolution, and Review of International Relations, and Global Environmental Politics.
Member of American Political Science Association.
Married Martha Louise Ann Koenig, September 22, 1992. Children: Henry, Sophia, William.