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The impact of Basel III on trade finance : the potential unintended consequences of the leverage ratio
Auboin, Marc; Blengini, Isabella - 2014
Trade finance, particularly in the form of short-term letters of credit has received favourable capital treatment new Basel III rules. However, concerns have been expressed over the potential negative "unintended consequences" of the newly created leverage ratio for trade. This paper offers a...
Persistent link: https://www.econbiz.de/10010404596
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Institutional architecture for financing Pan-Asian infrastructure connectivity
Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2017
Asia, particularly its major economies has witnessed slower growth in recent years. To make Asia more economically sustainable and resilient against external shocks to recover from the falling growth, most regional economies need to rebalance their export-oriented (mostly to advanced economies)...
Persistent link: https://www.econbiz.de/10011638303
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On the preferred creditor status of multilateral development banks
Amegashie, J. Atsu - 2023
The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring …
Persistent link: https://www.econbiz.de/10014306766
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Does membership on the UN security council influence IMF decisions? : evidence from panel data
Dreher, Axel (contributor); Sturm, Jan-Egbert (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003377296
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On the conditional effects of IMF program participation on output growth
Binder, Michael; Bluhm, Marcel - 2010
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/10008696785
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Agency and communication in IMF conditional lending : theory and empirical evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...
Persistent link: https://www.econbiz.de/10003813630
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International bailouts, moral hazard, and conditionality
Jeanne, Olivier; Zettelmeyer, Jeromin - 2001
The large international bailouts of the 1990s have been criticized for differentreasons, in particular for generating moral hazard at the expense of theglobal taxpayer. We argue in this paper that some of these concerns areexaggerated or misleading because international bailouts have no or...
Persistent link: https://www.econbiz.de/10011400335
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Politics and IMF conditionality
Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - 2013 - This version: June 2013
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10009765008
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The golden hello and political transitions
Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 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 … transitions ; democracy ; autocracy ; IMF ; World Bank …
Persistent link: https://www.econbiz.de/10009630635
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Memorable encounters? : own and neighbours' experience with IMF conditionality and IMF stigma
Andone, Irina; Scheubel, Beatrice - 2017
While the consequences and effectiveness of IMF conditionality have long been the focus of research, the possible negative impact of IMF conditionality on countries' willingness to ask for an IMF programme - often termed "IMF stigma" - has recently received attention particularly from policy...
Persistent link: https://www.econbiz.de/10011624193