Showing 1 - 10 of 10
Using panel data for 157 countries over the period 1999-2005 we empirically investigate the politics involved in IMF … find inflation forecasts are systematically biased downwards for countries with greater IMF loans outstanding relative to … GDP, indicating that the IMF engages in “defensive forecasting.” Countries with a fixed exchange rate regime also receive …
Persistent link: https://www.econbiz.de/10005731524
extent the presence of IMF, World Bank, regional Multilateral Development Banks, WTO and Global Environmental Facilities has …
Persistent link: https://www.econbiz.de/10005212620
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for … finding a measure of political importance that is not plagued by endogeneity and obtaining data on IMF conditionality. We … available dataset on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the …
Persistent link: https://www.econbiz.de/10010671169
In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators … intent from 38 countries over the period 4/1997-2/2003 reveals that the number of conditions on an IMF loan depends on a …) receive IMF loans with fewer conditions especially prior to elections. These results contribute to the current public policy …
Persistent link: https://www.econbiz.de/10005731453
Using panel data for 188 countries over the period 1970-2002 this paper empirically analyzes the influence of the IMF … non-concessional IMF programs. Regarding voting coincidence with the US, World Bank (concessional and non …-concessional) loans have a significant impact, while the IMF has not. These results are robust to the inclusion of control variables and …
Persistent link: https://www.econbiz.de/10005731465
This article analyzes whether and to what extent reliance on conditionality is appropriate to guarantee the revolving character of Fund resources. The paper presents theoretical arguments in favour of conditionality, and those against the use of conditions. It summarizes the track record of...
Persistent link: https://www.econbiz.de/10005731508
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version …
Persistent link: https://www.econbiz.de/10010578282
International Monetary Fund (IMF), analyzing panel data on the level of conditionality attached to (a maximum of) 314 IMF … about 30 percent fewer conditions attached to the loans that they receive from the IMF. We conclude that conditionality is … softer for these countries because the major shareholders of the IMF desire influence over the Security Council. …
Persistent link: https://www.econbiz.de/10008752559
arrangement with the IMF and the determinants of the financial size of such a program. Arguably the world and the global financial … architecture underwent structural changes after the ending of Cold War and so did the role of the IMF. Hence, we update and extend … related to these two dimensions of IMF program decisions. Furthermore, we show that it is important to distinguish between …
Persistent link: https://www.econbiz.de/10009004319
We investigate whether temporary members of the UN Security Council receive favorable treatment from the IMF, using … temporary UN Security Council membership and participation in IMF programs, even after accounting for economic and political … 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/10005227333