This paper examines the claim that the IMF catalyzes other capital flows. We identify a series of propositions based on … recent theoretical work, use a treatment effects model to deal with selection bias, and examine whether the IMF catalyzes …

While often considered a purely ?nancial institution, the IMF has throughout its history performed non …. Their low income, the lack of signi?cant consequences for markets, the IMF?s traditional reluctance to criticise members, as … over the interests of private lenders. The continued importance of foreign aid in eligible countries also puts the IMF in …

Recent theoretical and empirical research suggests that under certain conditions IMF agreements induce additional …

provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank …

provides a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank …

rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When the … doubled in size to $240 billion, while the IMF de-linked portion was increased to 30%. A surveillance unit, the Association …-developing financial emergency, it is unlikely that the CMIM will be used even as a complement to the IMF. To serve as a stand-alone option …

powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …) debt restructuring, and on the cross-border resolution of insolvent, internationally active financial firms for fair burden …

The author studies the welfare implications of adjustment programs supported by the International Monetary Fund (IMF … debt ceiling, forces the borrowing economy to always choose repayment over default. The immediate potential welfare cost of … joining a program is driven by IMF conditionality: to be able to borrow from the IMF, the country has to submit to limits on …

provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank …

Using empirical analysis, complemented with case studies, this paper studies under which circumstances IMF programs … a better job at attracting FDI than shorter-term flows, particularly cross-border bank lending. On the second, programs … the role of conditionality –as opposed to signalling and liquidity– as the strongest channel through which IMF catalyzes …