The paper presents a three period model that studies the eects of IMF loans on borrowers’ and lenders’ welfare … highlighting the fact that the IMF has both de jure and de facto seniority rights over private creditors. It is shown that an IMF … IMF intervention always makes the borrower country better off. The eects on non-senior lenders depend on the size of the …

assess the capacity of the new EU-IMF economic adjustment programme to stabilize Greece’s external position, we utilize our …

(IMF or Fund). The essential component of designing any IMF program, assessing the extent to which a borrowing country is … policy goals of the IMF, the IMF staff may bypass the formal channel of policy dialogue through informal contacts and … that proxies shared policy beliefs based on the professional characteristics of IMF staff and developing country officials …

assess the capacity of the new EU-IMF economic adjustment programme to stabilize Greece’s external position, we utilize our …

like the G20, the World Bank, and the International Monetary Fund (IMF)? Alarm bells are ringing in G7 capitals about G7 …

The latest global financial crisis has allowed the International Monetary Fund (IMF) a spectacular comeback. But … preference for austerity in recent crisis lending. Though widely welcomed as overdue, the IMF’s shift away from what John … between the IMF and the EU, in which the EU has very actively promoted orthodox measures in return for loans. We argue that …

rescue initiatives on IMF programme participation using a pooled probit model. The safety net permitting exceptional access …