Narrow search
Showing 1 - 10 of 12
Cover Image
Paraguay; Request for Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay
International Monetary Fund (IMF); International … - 2006
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
Cover Image
Imf Drawing Programs; Participation Determinants and Forecasting
Cerutti, Eugenio - International Monetary Fund (IMF) - 2007
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
Cover Image
A Model of the Imf As a Coinsurance Arrangement
Chami, Ralph; Shim, Ilhyock; Sharma, Sunil - International Monetary Fund (IMF) - 2004
of the coinsurance arrangement is examined under different loan contracts offered by the IMF. The analysis suggests that …, if the IMF’s objective is to safeguard its resources and be concerned about the welfare of the borrower, an ex ante loan …
Persistent link: https://www.econbiz.de/10005264158
Cover Image
From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
Cover Image
Vested Interests in a Positive Theory of IFI Conditionality
Mourmouras, Alex; Mayer, Wolfgang - International Monetary Fund (IMF) - 2002
Understanding of the domestic political environment is key to building broad country ownership and the successful implementation of reform programs supported by international financial institutions (IFIs). But recipient countries are not unitary actors: policymakers are influenced by special...
Persistent link: https://www.econbiz.de/10005825788
Cover Image
International Financial Contagion and the Fund; A Theoretical Framework
Clark, Peter B.; Huang, Haizhou - International Monetary Fund (IMF) - 2001
a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction … further rounds of defaults. In this environment the IMF can limit default and internalize the externality generated by … contagion through its lending with conditionality. We characterize the IMF's optimal lending decision in mitigating the loss in …
Persistent link: https://www.econbiz.de/10005826144
Cover Image
Is Policy Ownership An Operational Concept?
Boughton, James M.; Mourmouras, Alex - International Monetary Fund (IMF) - 2002
IMF lending is generally conditional on specified policies and outcomes. These conditions usually are negotiated …
Persistent link: https://www.econbiz.de/10005826172
Cover Image
On the Viability of Conditional Assistance Programs
Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2005
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10005768733
Cover Image
Who's in Charge? Ownership and Conditionality in IMF-Supported Programs
Boughton, James M. - International Monetary Fund (IMF) - 2003
IMF lending is conditional on a country's commitment to carry out an agreed program of economic policies. Unless that … interaction between the IMF and the borrower. …
Persistent link: https://www.econbiz.de/10005768796
Cover Image
The Political Economy of Conditional and Unconditional Foreign Assistance; Grants vs. Loan Rollovers
Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2004
Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic political economy framework. Economic policies of the receiving country are...
Persistent link: https://www.econbiz.de/10005769031