Showing 1 - 10 of 43
The paper investigates sharp reductions seen in current account deficits in selected transition countries in the 1992- 2003 period. The analysis focuses on three important aspects of these current account reversals: a) to examine those factors that might have triggered the reversals and to...
Persistent link: https://www.econbiz.de/10009477246
state, on the whole. Specifically, I examine three aspects associated with globalization, trade openness, investment and IMF … the hegemon is especially likely to increase a state's respect for personal integrity rights. Conversely, IMF funding is … extent that the IMF chooses to place importance on human rights, future attention should be paid to the practices of …
Persistent link: https://www.econbiz.de/10009475090
económica, más allá del cumplimiento escrupuloso de los procedimientos asociados a la condicionalidad. ; In IMF lending to … reforms contained in an economic program. The IMF periodically revises the design and conditionality of economic programs. One …, is a proposal to measure the effectiveness of IMF programs in ... …
Persistent link: https://www.econbiz.de/10012523783
El dólar continúa desempeñando un papel central en el comercio y los mercados financieros internacionales. La dependencia de los mercados mayoristas de corto plazo (repos, papel comercial, certificados de depósito, swaps) para obtener financiación en dólares hace especialmente vulnerables...
Persistent link: https://www.econbiz.de/10012525197
This paper analyzes the role played by the IMF in eight recent sovereign debt restructurings from a comparative … dimensions of the IMF's potential involvement during those processes, and to extract some relevant policy implications to reform … the Policy of Lending Into Arrears. We find that the IMF can potentially exert a substantial influence on sovereign debt …
Persistent link: https://www.econbiz.de/10012529530
This paper proposes updating and improving the IMF's lending mechanism, by replacing all of its credit lines with a … mechanism, more readily adaptable to borrowers' needs, stronger incentives to avoid excessive use of IMF resources and equitable …
Persistent link: https://www.econbiz.de/10012529531
workouts, of which the debate on the Sovereign Debt Restructuring Mechanism (SDRM) proposed by the IMF in 2002 is the most … markets. There also appears to be a lack of consistency in the role played by the IMF in the various crises. …
Persistent link: https://www.econbiz.de/10012529533
Using empirical analysis, complemented with case studies, this paper studies under which circumstances IMF programs … the role of conditionality –as opposed to signalling and liquidity– as the strongest channel through which IMF catalyzes …
Persistent link: https://www.econbiz.de/10012530128
IMF lending during debt crises on the sovereign’s optimal maturity structure. Within the model, although IMF assistance is … the roll-over problem larger. I take the model to the data and fi nd support for the hypothesis that IMF lending leads … countries to increase their short-term borrowing. Additionally, I do not fi nd any positive effect of IMF lending on countries …
Persistent link: https://www.econbiz.de/10012530397
pursuing the financing of this gradual adjustment ; accordingly, the government decided to apply for IMF financial assistance …
Persistent link: https://www.econbiz.de/10012532345