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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
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
There is a perception that IMF programmes are not catalytic and instead associated with large capital outflows, higher refinancing costs for sovereigns and adverse movements in stock markets. This has led to concerns that an expectation of adverse effects of IMF programmes may deter countries...
Persistent link: https://www.econbiz.de/10012915609
We study the co-existence of two community-based institutions for fisheries management in Benin: a traditional …
Persistent link: https://www.econbiz.de/10013025965
We study the co-existence of two community-based institutions for fisheries management in Benin: a traditional …
Persistent link: https://www.econbiz.de/10011252995
Helpman, Melitz and Rubinstein (2008) derive gravity equations to estimate effects of trade barriers on the intensive and extensive margins of trade. They exploit the frequency of zeros in aggregate bilateral trade data to identify effects on the extensive margin and to obtain controls for firm...
Persistent link: https://www.econbiz.de/10013128040