This paper examines some of the critical issues facing policy setters in emerging economies in light of recent financial and economic liberalization conducted via the implementation of Washington Consensus type policies. Issues considered include the poor sequencing of financial and economic...

We construct a high-frequency dataset that combines information on all IMF lending and proxies of monthly economic activity during the first two years of the COVID-19 pandemic (2020-21). Using this novel dataset and standard econometric techniques we find a positive and significant marginal...