Showing 1 - 10 of 167
Sovereign default is the switching state between successful and unsuccessful Fund catalysis. We find the IMF to be … resuming lending, even when the IMF intervenes. As long as default is avoided, IMF programs help a country signal its … Fund catalysis, than the size of IMF lending. …
Persistent link: https://www.econbiz.de/10008475755
We investigate whether temporary members of the UN Security Council receive favorable treatment from the IMF, using … temporary UN Security Council membership and participation in IMF programs, even after accounting for economic and political … the number of conditions included in IMF programs. The size of the loan, however, is not affected by UNSC membership. …
Persistent link: https://www.econbiz.de/10005416462
The International Monetary Fund (IMF) is in the process of re-inventing itself with bilateral and multilateral … surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power … that member countries exert at the IMF. First, we analyze the content of Article IV Public Information Notices (PIN), and …
Persistent link: https://www.econbiz.de/10008583679
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for … finding a measure of political importance that is not plagued by endogeneity and obtaining data on IMF conditionality. We … available dataset on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the …
Persistent link: https://www.econbiz.de/10010877803
relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency based on discussions with the authorities …
Persistent link: https://www.econbiz.de/10011244381
The U.S. economy continued to grow strongly over the year even in the face of a withdrawal of monetary stimulus and high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the financial sector has proven innovative and resilient. They...
Persistent link: https://www.econbiz.de/10011244857
The authorities’ program for 2003–05, supported by the previous Stand-By Arrangement (SBA), successfully stabilized the economy despite difficult conditions. A new economic program for 2006–08 is needed to consolidate macroeconomic stability, address remaining...
Persistent link: https://www.econbiz.de/10011245700
This paper studies the factors that have influenced countries' participation in IMF drawing programs. IMF drawing …-track, it provides a closer link to the factors that have influenced the evolution of IMF credit outstanding. The analysis uses … determinants of countries' participation in IMF drawing programs. The importance of the global factor is not uniform during the …
Persistent link: https://www.econbiz.de/10005248203
All financial institutions specialize, in dimensions that may include categories of assets and liabilities, types of services offered, customer demographics, and geographic coverage. The International Monetary Fund is the only international financial institution that is universal in its...
Persistent link: https://www.econbiz.de/10005248315
The design of the optimal sovereign insurance contract is analyzed when: the sovereign chooses the contract; effort is not contractible; shocks are of uncertain magnitude; the sovereign can save; and the sovereign can default. Under these conditions: i) an ex ante premium leads to higher coverage;...
Persistent link: https://www.econbiz.de/10005263743