The dominant approach to studying the effects of IMF programs has emphasized moral hazard, but we find that adverse … selection has more impressive effects. We propose a novel strategic selection model to study the growth effects of IMF programs … interested in participating in IMF programs are the least likely to have favorable growth outcomes. Controlling for this …

Fund (IMF or Fund). The essential component of designing any IMF program, assessing the extent to which a borrowing country … commit to policy goals of the IMF, the IMF staff may bypass the formal channel of policy dialogue through informal contacts … dataset that proxies shared policy beliefs based on the professional characteristics of IMF staff and developing country …

Up on the 12th floor of its 19th Street Headquarters, the IMF Board sits in active session for an average of 7 hours … IMF Board discussions surrounding the Enhanced Structural Adjustment Facility (ESAF), this article sheds light on the … IMF concessional lending. Copyright Springer Science+Business Media, LLC 2012 …

stability. One prominently-published article purports to show that signing on to an IMF structural adjustment program (SAP …">2010</CitationRef>). The authors claim that IMF SAPs push liberalization, which hurts people badly enough that they foment civil war. We … assumptions about the impact of IMF programs on the economic environment in terms of who actually wins and loses from …