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The making of policy : institutionalized or not?

Scartascini, Carlos G.; Tommasi, Mariano - 2009

This paper develops a framework for analyzing different policymaking styles, their causes and their consequences in Latin America, finding that lower institutionalization and greater use of alternative political technologies (APTs) are more likely the lower the cost of using these technologies,...

Persistent link: https://www.econbiz.de/10010247930

Institutional causes of macroeconomic volatility

Barseghyan, Levon (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003741451

The great exchange rate debate after Argentina

Edwards, Sebastian - 2002

Persistent link: https://www.econbiz.de/10001712455

Should easier access to international credit replace foreign aid?

Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - 2011

We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...

Persistent link: https://www.econbiz.de/10009310971

The response speed of the International Monetary Fund

Mody, Ashoka; Saravia, Diego - 2013

The more severe a financial crisis, the greater has been the likelihood of its management under an IMF-supported programme and the shorter the time from crisis onset to programme initiation. Political links to the United States have increased programme likelihood but have prompted faster...

Persistent link: https://www.econbiz.de/10009768011

Multilateral safety nets for financial crises

Fernández Arias, Eduardo - 2010

There is an increasing need for a system of international lending of last resort (ILLR) to provide a safety net in the event of financial crises in vulnerable countries as financial globalization deepens and spreads. Multilateral progress to address liquidity and solvency crises has been patchy...

Persistent link: https://www.econbiz.de/10010246568

IMF quotas at year 2030

Bénassy-Quéré, Agnès; Béreau, Sophie; Decreux, Yvan; … - 2007

Persistent link: https://www.econbiz.de/10003503455

Multilateral development bank ratings and preferred creditor status

Perraudin, William R. M.; Powell, Andrew; Yang, Peng - 2016

This paper analyzes influences on the credit standing of Multilateral Development Banks (MDBs), specifically the quality, diversification and single name concentration of their portfolios, and on the market practice known as Preferred Creditor Status (PCS), whereby sovereigns that default on...

Persistent link: https://www.econbiz.de/10011486485

Sovereign external borrowing and multilateral lending : dynamics and crises

Avellán, Leopoldo; Galindo Andrade, Arturo José; … - 2018

the World Bank (WB). Finally, we find evidence of synchronization between MDBs and IMF during fiscal crises. …

Persistent link: https://www.econbiz.de/10011959415

International credit markets and global business cycles

Pintus, Patrick A.; Wen, Yi; Xin, Xiaochuan - 2018 - This version: May 14, 2018

subject to self-fulfilling variations in the world real interest rate. Those expectation-driven changes in the borrowing cost … asset prices, GDP, consumption, investment and employment). When firms around the world benefit from unexpectedly low debt … internationally. Such a stylized model thus offers one way to rationalize both the existence of world business-cycle factor documented …

Persistent link: https://www.econbiz.de/10011911509