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Does the IMF help or hurt? : the effect of IMF programs on the likelihood and outcome of currency crises

Dreher, Axel (contributor); Walter, Stefanie (contributor) - 2008

Using panel data for 68 countries over the period 1975-2002 this paper examines how IMF programs, disbursed loans, and compliance with conditionality affect the risk of currency crises and the outcome of such crises. Specifically, we investigate whether countries with previous IMF intervention...

Persistent link: https://www.econbiz.de/10003764208

IMF and Economic Growth : The Effects of Programs, Loans, and Compliance with Conditionality

Dreher, Axel - 2014

In theory, the IMF could influence economic growth via several channels, among them advice to policy makers, money disbursed under its programs, and its conditionality. This paper tries to separate those effects empirically. Using panel data for 98 countries over the period 1970-2000 it analyzes...

Persistent link: https://www.econbiz.de/10014071064

Does the IMF Help or Hurt? The Effect of IMF Programs on the Likelihood and Outcome of Currency Crises

Dreher, Axel - 2014

Persistent link: https://www.econbiz.de/10012709167

Does the IMF Cause Moral Hazard and Political Business Cycles? Evidence from Panel Data

Dreher, Axel; Vaubel, Roland - 2014

Using panel data for 106 countries in 1971-1997, we estimate generalized least squares regressions to explain IMF lending as well as monetary and fiscal policies in the recipient countries. With respect to moral hazard, we find that a country's rate of monetary expansion and its government...

Persistent link: https://www.econbiz.de/10014107906

The Development and Implementation of IMF and World Bank Conditionality

Dreher, Axel - 2003

The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … conditions seem to be influenced by contemporaneous World Bank activity. Moreover, the paper tries to explain compliance with … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …

Persistent link: https://www.econbiz.de/10014107912

Does high inflation cause central bankers to lose their job? : evidence based on a new data set

Dreher, Axel (contributor); Sturm, Jan-Egbert (contributor); … - 2007

This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and...

Persistent link: https://www.econbiz.de/10003762844