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IMF lending practices respond to economic conditions but are also sensitive to political-economy variables. Specifically, the sizes and frequencies of loans are influenced by a country's presence at the Fund, as measured by the country's share of quotas and professional staff. IMF lending is...
Persistent link: https://www.econbiz.de/10012469763
This paper analyses which economic and political factors affect the chance that a country receives IMF credit or signs an agreement with the Fund. We use a panel model for 118 countries over the period 1971-2000. Our results, based on extreme bounds analysis, suggest that it is mostly economic...
Persistent link: https://www.econbiz.de/10014062667
IMF lending practices respond to economic conditions but are also sensitive to political-economy variables. Specifically, the sizes and frequencies of loans are influenced by a country's presence at the Fund, as measured by the country's share of quotas and professional staff. IMF lending is...
Persistent link: https://www.econbiz.de/10013310805
In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators or, alternatively, whether it is partly driven by its major shareholder, the US. A panel data analysis of 206 letters of intent from 38 countries over the period 4/1997-2/2003...
Persistent link: https://www.econbiz.de/10003289327
Persistent link: https://www.econbiz.de/10003826654
Persistent link: https://www.econbiz.de/10003782273
in stabilizing the world economy from the 1960s through 2008"-- … formal international lender of last resort (ILLR) to perform this function for the world economy. Conventional wisdom says … the unique role that the United States has played in stabilizing the world economy in troubled times. "-- …
Persistent link: https://www.econbiz.de/10011570503