Showing 81 - 90 of 21,990
IMF supported programs have conventionally been assessed by examining their effects on intermediate variables and final …
Persistent link: https://www.econbiz.de/10005748072
We present a simple model of sovereign debt crises in which a country chooses its optimal mix of short and long-term debt contracts subject to standard contracting frictions: the country cannot commit to repay its debts nor to a specific path of future debt issues, and contracts cannot be made...
Persistent link: https://www.econbiz.de/10011213423
We present a simple model of sovereign debt crises in which a country chooses its optimal mix of short and long-term debt contracts subject to standard contracting frictions: the country cannot commit to repay its debts nor to a specific path of future debt issues, and contracts cannot be made...
Persistent link: https://www.econbiz.de/10011206911
cooperation between regional institutions and the International Monetary Fund (IMF). While the case for coordination between … appreciated. The relatively successful cooperation among the European Commission, European Central Bank, and IMF on the European … of coordination failure could be very large. Recent innovations at the IMF, on the other hand, present opportunities for …
Persistent link: https://www.econbiz.de/10008873252
economic crisis that began in mid-2007 which are contained in the main publications of the IMF, the OECD and the BIS and …
Persistent link: https://www.econbiz.de/10009003650
In an effort to adapt to changes in its environment, the IMF has over the years adjusted its lending framework. Lending … have often been made on an ad hoc basis. The article examines the current structure of IMF lending facilities and the … to address these issues, a comprehensive review of the IMF lending framework is direly needed. In fact, the Fund is …
Persistent link: https://www.econbiz.de/10009357654
The IMF’s most recent World Economic Outlook (WEO), published last week, projects world economic growth will slow, from … continuing fiscal stimulus in weak economies, and a bias against fiscal consolidation. However, this paper finds that the IMF …
Persistent link: https://www.econbiz.de/10008671783
Despite debt relief under the HIPC Initiative, African countries are still vulnerable to the risk of debt distress. The debt sustainability framework therefore remains an essential tool. The management of this tool must be flexible in order to take account of development goals and allow its...
Persistent link: https://www.econbiz.de/10009274735
The cancellation of the debt of the world’s poorest countries has brought about a recovery in their financial situation. However, some current new borrowing strategies, notably with regard to emerging lenders, pose risks for these economies.
Persistent link: https://www.econbiz.de/10009283323
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 find support for the hypothesis that IMF lending leads … countries to increase their short-term borrowing. Additionally, I do not find any positive effect of IMF lending on countries …
Persistent link: https://www.econbiz.de/10010862291