Similar Search Results

Which Variables Explain Decisions on IMF Credit? An Extreme Bounds Analysis

Sturm, Jan-Egbert; Berger, Helge; de Haan, Jakob - 2005

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

Agency and communication in IMF conditional lending : theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

Persistent link: https://www.econbiz.de/10003908576

The Effects of IMF on Income Inequality : A Semi-Parametric Treatment Effects Approach

Chletsos, Michael - 2020

In this paper, we examine the effect of IMF (imposed) programs on countries income inequality for the period 1963-2015. To deal with selection bias, we use a potential outcomes framework, which does not rely on the selection of matching variables and has the further advantage of uncovering the...

Persistent link: https://www.econbiz.de/10012844571

Resolution of balance of payments crises : emergency financing and debt workouts

Ocampo Gaviria, José Antonio - 2015

-established deadlines, similar to that used in the World Trade Organization's dispute settlement process. …

Persistent link: https://www.econbiz.de/10010465432

Do IMF and World Bank influence voting in the UN general assembly?

Dreher, Axel (contributor); Sturm, Jan-Egbert (contributor) - 2006

method of estimation. -- IMF ; World Bank ; UN General Assembly ; Voting ; Aid … and the World Bank on voting patterns in the UN General Assembly. Countries receiving adjustment programs and larger non …-concessional loans from the World Bank vote more frequently in line with the average G7 country. The same is true for countries obtaining …

Persistent link: https://www.econbiz.de/10003348640

Sovereign Debt Restructuring : The Centrality of the IMF's Role

Hagan, Sean - 2020

Over the past 40 years, the International Monetary Fund (IMF) has played a central role in the sovereign debt restructuring process. If the COVID-19 pandemic leads to a significant wave of sovereign debt distress, this role will be closely scrutinized. The paper analyzes how IMF policies have...

Persistent link: https://www.econbiz.de/10012826440

The Impact of Bailouts on the Probability of Sovereign Debt Crises : Evidence from IMF-Supported Programs

Balima, Hippolyte - 2019

This paper studies the role of IMF-supported programs in mitigating the likelihood of subsequent sovereign defaults in borrowing countries. Using a panel of 106 developing countries from 1970 to 2016 and an entropy balancing methodology, we find that IMF-supported programs significantly reduce...

Persistent link: https://www.econbiz.de/10012892896

The New Global Financial Safety Net : Struggling for Coherent Governance in a Multipolar System

Weder di Mauro, Beatrice - 2017

Persistent link: https://www.econbiz.de/10012959407

Designing a European Monetary Fund: what role for the IMF?

Jost, Thomas; Seitz, Franz - 2021

The so-called Troika, consisting of the EU-Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), was supposed to support the member states of the euro area which had been hit hard by a sovereign debt crisis. For that purpose, economic adjustment programs were...

Persistent link: https://www.econbiz.de/10012430256

Doing More with Less : The Catalytic Function of IMF Lending and the Role of Program Size

Krahnke, Tobias - 2020

Financial assistance provided by the International Monetary Fund (IMF) is supposed to unlock other financing, acting as a catalyst for private capital flows. The empirical evidence of the presence of such a catalytic effect has, however, been mixed. This paper shows that a possible explanation...

Persistent link: https://www.econbiz.de/10012836325