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...

In this article, we examine whether IMF programmes influence the ability of developing country issuers to tap international bond markets and if they improve spreads paid on the bonds issued. We find that Fund programmes do not provide a uniformly favourable signalling effect. Instead, the...

Growing international financial integration has implied greater threat of contagion across borders, requiring quicker response to crises. However, financial—and trade—integration have been accompanied by the spread of democracy and political participation. Do more voices in the political...

An objective of IMF-supported programs is to help countries improve their access to international capital markets. In this paper, we examine the issue whether IMF-supported programs influence the ability of developing country issuers to tap international bond markets and whether they improve...

The more severe a financial crisis, the greater has been the likelihood of its management under an IMFsupported program and shorter the time from crisis onset to program initiation. Political links to the United States have raised program likelihood but have prompted faster response mainly for...

Muchos problemas del desarrollo van más allá de las fronteras nacionales y tienen un carácter regional e incluso global. El reconocimiento de estos retos, los cuales van de la transmisión de enfermedades entre fronteras hasta la dispersión de inestabilidad financiera global, ha llevado a...