Showing 1 - 10 of 462
A sketch of the International Monetary Fund's 70-year history reveals an institution that has reinvented itself over time along multiple dimensions. This history is primarily consistent with a “demand driven” theory of institutional change, as the needs of its clients and the type of crisis...
Persistent link: https://www.econbiz.de/10013000216
We investigate whether temporary members of the UN Security Council receive favorable treatment from the IMF, using panel data for 191 countries over the period 1951 to 2004. Our results indicate a robust positive relationship between temporary UN Security Council membership and participation in...
Persistent link: https://www.econbiz.de/10013317395
The empirical evidence currently available in the literature regarding the effects of a country's IMF program participation on its output growth is rather mixed. To shed new evidence on this issue, in this paper we specify a state- dependent panel data model accounting in particular for program...
Persistent link: https://www.econbiz.de/10013094324
In 2014 over $60 billion was mobilized to help developing nations mitigate climate change, an amount equivalent to the GDP of Kenya. Interestingly, breaking from the traditional model of bilateral aid, donor countries distributed nearly fifty percent of their aid through multilateral aid funds...
Persistent link: https://www.econbiz.de/10012992608
We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries' political motives might reduce the effectiveness of conditionality, channel aid to inferior projects or affect the way aid is spent in other ways, reduce the aid bureaucracy's...
Persistent link: https://www.econbiz.de/10013079379
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/10013316223
important factor in this regard. The empirical analysis of individual attitudes, based on the World Values Surveys, reveals that …
Persistent link: https://www.econbiz.de/10013317356
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …
Persistent link: https://www.econbiz.de/10013099239
This paper proposes an answer to the question of why social unrest sometimes occurs in the wake of an IMF Structural Adjustment Program (SAP). Under certain circumstances, partly determined by a country's comparative advantage, a nation's elite may have an incentive to make transfers to the rest...
Persistent link: https://www.econbiz.de/10013064044
and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment programs and larger non …-concessional loans from the World Bank vote more frequently in line with the average G7 country. The same is true for countries obtaining … non-concessional IMF programs. Regarding voting coincidence with the US, World Bank (concessional and non …
Persistent link: https://www.econbiz.de/10013317576