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The Incidence and Effectiveness of Prior Actions in IMF-Supported Programs

Ramakrishnan, Uma; Thomas, Alun H. - International Monetary Fund (IMF) - 2006

Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling...

Persistent link: https://www.econbiz.de/10005768821

On the Political Sustainability of Economic Reform

Milesi-Ferretti, Gian Maria; Asilis, Carlos M. - International Monetary Fund (IMF) - 1994

Persistent link: https://www.econbiz.de/10005264252

How Does Conditional Aid (Not) Work?

Ramcharan, Rodney - International Monetary Fund (IMF) - 2002

Does policy conditionality worsen domestic welfare, as governments are forced to attempt unpopular reforms resulting in damaging protests, or does conditionality help implement reforms that otherwise would have been impossible? This paper analyzes these questions. Using a game-theoretic...

Persistent link: https://www.econbiz.de/10005768864

Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?

Moon, Soojin; Bulir, Ales - International Monetary Fund (IMF) - 2003

This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in...

Persistent link: https://www.econbiz.de/10005263802

Explaining ASEAN-3â€™s Investment Puzzle A Tale of Two Sectors

Zhou, Yong Sarah - International Monetary Fund (IMF) - 2013

. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis. …

Persistent link: https://www.econbiz.de/10011142140

The Growth Comeback in Developing Economies; A New Hope or Back to the Future?

Bluedorn, John C; Duttagupta, Rupa; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2013

Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past. This paper finds that recent takeoffs are associated with stronger...

Persistent link: https://www.econbiz.de/10011242243

Infrastructure and Income Distribution in ASEAN-5; What are the Links?

Seneviratne, Dulani; Sun, Yan - International Monetary Fund (IMF) - 2013

Adequate infrastructure has long been viewed as an important factor in economic development. Based on regressions covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income distribution. It finds that better infrastructure, both...

Persistent link: https://www.econbiz.de/10011242245

The Big Split: Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis?

Isnawangsih, Agnes; Klyuev, Vladimir; Zhang, Longmei - International Monetary Fund (IMF) - 2013

, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …

Persistent link: https://www.econbiz.de/10010790382

Fiscal Adjustment in an Oil-Exporting Country: The Case of Indonesia

Molho, Lazaros E. - International Monetary Fund (IMF) - 1994

Persistent link: https://www.econbiz.de/10005605493

Corporate Debt Restructuring in East Asia-Some Lessons from International Experience

Stone, Mark R. - International Monetary Fund (IMF) - 1998

Persistent link: https://www.econbiz.de/10005605521