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Do IMF and World Bank Influence Voting in the Un General Assembly?

Dreher, Axel; Sturm, Jan-Egbert - 2021

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

The International Monetary Fund : 70 Years of Reinvention

Reinhart, Carmen - 2016

institution faces a growing risk of lending into insolvency, most widespread among low income countries in chronic arrears to the …

Persistent link: https://www.econbiz.de/10013000216

Does Membership on the Un Security Council Influence IMF Decisions? Evidence from Panel Data

Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - 2021

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

On the Conditional Effects of IMF Program Participation on Output Growth

Binder, Michael - 2013

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

International Credit Flows and Pecuniary Externalities

Brunnermeier, Markus K. - 2015

This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient due to pecuniary externalities. First, an undercapitalized country borrows too...

Persistent link: https://www.econbiz.de/10013028913

The Golden Hello and Political Transitions

Aidt, Toke Skovsgaard - 2012

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

Social Unrest in the Wake of IMF Structural Adjustment Programs

Stroup, Caleb - 2014

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

STIGMA? WHAT STIGMA? A Contribution to the Debate on the Effectiveness of IMF Lending

Scheubel, Beatrice - 2018

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

The Greek Debt Crisis : Likely Causes, Mechanics and Outcomes

Arghyrou, Michael - 2010

We use insights from the literature on currency crises to offer an analytical treatment of the crisis in the market for Greek government bonds. We argue that the crisis itself and its escalating nature are very likely to be the result of: (a) steady deterioration of Greek macroeconomic...

Persistent link: https://www.econbiz.de/10013135455

Illiquidity and Under-Valuation of Firms

Gale, Douglas M. - 2012

We study a competitive model in which market incompleteness implies that debt-financed firms may default in some states of nature and default may lead to the sale of the firms' assets at fire sale prices when markets are illiquid. This incompleteness is the only friction in the model and the...

Persistent link: https://www.econbiz.de/10013116475

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