Díaz-Cassou, Javier; García-Herrero, Alicia; Molina, Luis - Banco de España - 2006
Using empirical analysis, complemented with case studies, this paper studies under which circumstances IMF programs … a better job at attracting FDI than shorter-term flows, particularly cross-border bank lending. On the second, programs … the role of conditionality –as opposed to signalling and liquidity– as the strongest channel through which IMF catalyzes …