Bordo, Michael David; Mody, Ashoka; Oomes, Nienke - National Bureau of Economic Research (NBER) - 2004
In this paper, we examine the IMF's role in maintaining the access of emerging market economies to international … IMF program, although they may initially deteriorate somewhat. Consistent with theoretical predictions and earlier … empirical findings, we find that IMF programs are most successful in improving capital flows to countries with bad, but not very …