01763cas a2200277 a 4500 AALejournalIMF000955 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851007 1018-5941 BD-DhAAL BD-DhAAL Clements, Benedict. Military Spending, the Peace Dividend, and Fiscal Adjustment / Benedict Clements, Jerald Schiff, Peter Debaere, Hamid Davoodi. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of nonmilitary spending in total government outlays. These factors account for up to 66 percent, 26 percent, and 11 percent of the decline in military spending, respectively. Furthermore, fiscal adjustment has implied a larger cut in military spending of countries with IMF-supported programs. Mode of access: Internet Davoodi, Hamid. Debaere, Peter. Schiff, Jerald. IMF Working Papers; Working Paper ; No. 1999/087 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/087/001.1999.issue-087-en.xml IMF e-Library