The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank … conditionality is lower in election years and pre-election years. Breakdowns of IMF programs are less likely in election years …

We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al … relationship between credits and programs of the IMF and economic freedom. …

This paper discusses, in a very general way, a system of IMF insurance against sovereign default that could be offered … private lending market, such as moral hazard on the part of private lenders, capital flight, and so on. How the insurance … could be priced is also discussed in an appendix. Private lender membership in the IMF is also discussed. This would provide …

Using panel data for 157 countries over the period 1999-2005 we empirically investigate the politics involved in IMF … find inflation forecasts are systematically biased downwards for countries with greater IMF loans outstanding relative to … GDP, indicating that the IMF engages in defensive forecasting. Countries with a fixed exchange rate regime also receive …

Using panel data for 157 countries over the period 1999-2005 we empirically investigate the politics involved in IMF … find inflation forecasts are systematically biased downwards for countries with greater IMF loans outstanding relative to … GDP, indicating that the IMF engages in defensive forecasting. Countries with a fixed exchange rate regime also receive …

This paper provides an empirical evaluation of the Flexible Credit Line (FCL), the IMF's prime precautionary lending …

This paper provides an empirical evaluation of the Flexible Credit Line (FCL), the IMF's prime precautionary lending …

This paper looks at the recent debt crisis in Greece and argues that the crisis exemplifies a sequence of systematic … that of refinancing, rather than partially writing off, the debt. This mistake has led to excessively restrictive policies …

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 …

during the 1980s’ debt crisis, mediation has now been outsourced, under the pressure of the demand by the private sector for … in the SDRM proposal put forward by the IMF in 2001; and the reliance upon national courts, specifically those in which … jurisdiction the initial debt contracts had been signed. This latter option corresponds to the contract-based approach to sovereign …