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...

Questo articolo raccoglie i contributi della Tavola Rotonda "Conviene all'Europa salvare la Grecia?", organizzata dal Money and Finance Research group (MoFiR) e tenutasi presso la Facolta' di Economia dell'Universita' Politecnica delle Marche (Ancona), il 19 Ottobre 2011. I lavori raccolti...

In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low-and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected by...

Developing countries are the least to blame for the outbreak of the financial crisis, but they are destined to suffer the most dramatic and long-lasting consequences. This chapter focuses on the early responses of the International Monetary Fund to the present crisis in low- and middle-income...