This paper examines the claim that the IMF catalyzes other capital flows. We identify a series of propositions based on … recent theoretical work, use a treatment effects model to deal with selection bias, and examine whether the IMF catalyzes … support many of the propositions, but also indicate that the sign and significance of catalysis varies according to the type …

ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. …

ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. …

, causing sharp falls in investment and output. It is wrong to blame the IMF for these calamitous outcomes. Nevertheless, the … strategy adopted by the IMF for dealing with the Asian crisis was partly responsible for the severity of the crisis. By calling …

ceilings on IMF loans, are all necessary components of a new and better crisis resolution framework. …

powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …

provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank …

Financial assistance provided by the International Monetary Fund (IMF) is supposed to unlock other financing, acting as … neglect of the size of an IMF program. Applying a novel identification strategy to account for endogenous selection into … effect of IMF financial assistance is weakened - and potentially reversed - if the size of a program exceeds a certain level …

arrangement with the IMF and the determinants of the financial size of such a program. Arguably the world and the global financial … architecture underwent structural changes after the ending of Cold War and so did the role of the IMF. Hence, we update and extend … related to these two dimensions of IMF program decisions. Furthermore, we show that it is important to distinguish between …