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 …

(i.e., debt-to-asset ratios are specific to each borrower and time-varying). I model and parameterize these ratios … the source of debt which is most sensitive to shocks is foreign funding. In fact, any shock creates a wedge between the …

arrangement with the IMF and the determinants of the financial size of such a program. Arguably the world and the global financial … architecture underwent structural changes after the ending of Cold War and so did the role of the IMF. Hence, we update and extend … related to these two dimensions of IMF program decisions. Furthermore, we show that it is important to distinguish between …

/World Bank in 1999 as conditions for debt relief and loans. It queries whether PRSPs really represent a shift away from the …

This paper relates the challenge of debt and the opportunities of debt reduction to the task of achieving the … a series of UN Conferences of the 1990s. It illustrates why questions of debt are important in terms of determining the … the HIPC countries to illustrate these concerns. The paper also contains conclusions and recommendations about future debt …

as they were a decade ago. Since debt relief provided under HIPC will free government resources, the initiative will … deviations from these are likely to lead to a rapid accumulation of debt, so debt sustainability – as reflected in the debt …

The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank … conditionality is lower in election years and pre-election years. Breakdowns of IMF programs are less likely in election years …

We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al … relationship between credits and programs of the IMF and economic freedom. …