should consider at least two constraints that policy makers will deal with in the real world of financial crises. First …

In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low-and middle … IMF lending has targeted countries most affected by the crisis in order to dampen contagion effects and assesses to what … political similarity between borrowers and G7 governments has influenced the participation in IMF programs, especially where the …

' own foreign exchange reserves with the International Monetary Fund (IMF) acting as a backstop, has expanded significantly … to that of the IMF and becoming an integral layer of the safety net. Enhancing the cooperation between the IMF and RFAs … multi-layered GFSN, while paying attention to issues such as moral hazard, stigma or exit strategies in connection with IMF …

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

There is a perception that IMF programmes are not catalytic and instead associated with large capital outflows, higher … effects of IMF programmes may deter countries from asking for an IMF programme when they need one, a form of "IMF stigma". We … materialise and how past experience with adverse market reactions affects subsequent IMF programme participation. Our results …

expectations of adverse effects of IMF programmes may deter countries from asking for an IMF programme when they need one, a form … of "IMF stigma". We explore the existence of IMF financial market stigma using monthly data by estimating how and to … affects subsequent IMF programme participation. Our results, derived with event history techniques and propensity score …

This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large … sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting … banking crises, our results indicate that countries participating in IMF-supported lending programs are significantly less …