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temporary UN Security Council membership and participation in IMF programs, even after accounting for economic and political … factors, as well as regional and country effects, and duration dependence. There is also evidence that UNSC membership reduces … 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/10010263985
, membership in international organizations is significantly and robustly linked with better credibility, here proxied for by … country risk ratings. Two more results stand out: the longer a country has had a high level of membership, the higher its …
Persistent link: https://www.econbiz.de/10010264350
IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We show that such a negative IMF effect disappears when accounting for endogenous selection into programs. To proxy for a country's access to financial markets, we use credit ratings and investor...
Persistent link: https://www.econbiz.de/10012920590
World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …
Persistent link: https://www.econbiz.de/10010332994
We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent … that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk …. Using data over the 1971-2005 period, we find that membership in IOs does indeed increase inflows of FDI. Controlling for …
Persistent link: https://www.econbiz.de/10010274768
equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is …
Persistent link: https://www.econbiz.de/10012822504
We consider a model where agents differ in their ‘types' which determines their voluntary contribution towards a public good. We analyze what the equilibrium composition of groups are under centralized and centralized choice. We show that there exists a top-down sorting equilibrium i.e. an...
Persistent link: https://www.econbiz.de/10012824828
union membership and job satisfaction in Germany. Cross-sectional analyses reveal a negative correlation, while fixed … of union membership, we generate information on the union density individuals faced in their industry and region. This … time-variant IV suggests no causal impact of individual union membership on job satisfaction. Finally, using different …
Persistent link: https://www.econbiz.de/10014079146
We show how major shareholders can exploit their power over international organizations to hide their foreign-policy interventions from domestic audiences. We argue that major powers exert influence bilaterally when domestic audiences view the intervention favorably. When domestic audiences are...
Persistent link: https://www.econbiz.de/10012892255
, in turn, new populist parties that offer more polarized platforms. I investigate whether government ideology influences … evaluating how government/party ideology influences individual policies, previous econometric studies ignored initiatives in …
Persistent link: https://www.econbiz.de/10012892136