This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting an instrumental variable strategy and a propensity score...

Amartya Sen, the Nobel economist, explains why mortality should, or could, be an indicator of economic success. While mortality is not in itself an economic phenomenon, the influences that increase or reduce mortality often have distinctly economic causes. Consequently there is a prima facie...