This paper empirically investigates the extent of investor moral hazard associated with IMF bailouts by analyzing the … responses of sovereign bond spreads to the changes in the perceived probability of IMF bailouts of countries undergoing … Russia in August 1998 that signaled a modification to IMF intervention policy. In contrast, we find evidence that investor …

The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank … conditionality is lower in election years and pre- election years. Breakdowns of IMF programs are less likely in election years …

We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al … relationship between credits and programs of the IMF and economic freedom. …

In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators … letters of intent from 38 countries from 4/1997-2/2003 reveals that the number of conditions on an IMF loan depends on a … borrowing country’s voting pattern in the UN general assembly. Closer US allies receive IMF loans with fewer conditions …

opening, exchange rate policies, alternatives to debt financing and the role of the international financial institutions. The … 1991 and 2001, together with the lack of nationally coherent fiscal and development policies, led to a classic debt …

compared to non-HIPCs, have been increasing with their debt level. Greater net transfers have taken the form of net loans from … of defencive lending and defencive granting. …

In this paper I investigate the effects of recent debt relief initiatives such as the Heavily Indebted Poor Countries … (HIPC) Debt Initiative of 1996 on resource flows to developing countries. Focusing on a sample of low-income countries, I … debt relief) in the 1990s and early 2000s? My estimates suggest that countries classified as HIPCs received higher …

(HIPC) Initiative was launched to assure a permanent exit from debt dependence. However, the IMF-World Bank program is not … without faults, in particular for what concerns debt sustainability analysis. The aim of this work is to present the IMF …This paper is a review of the different approaches on external debt sustainability. The Heavily Indebted Poor Country …