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Do IMF Programs Stimulate Private Sector Investment?

Bomprezzi, Pietro; Marchesi, Silvia; Turk-Ariss, Rima - 2022

This paper provides new evidence on the role of IMF programs in stimulating private sector investments. Using detailed firm-level data on tangible fixed assets and a local projection methodology, we first estimate the dynamic response of firm investments to the approval of an IMF arrangement. We...

Persistent link: https://www.econbiz.de/10014079012

Does the IMF Cause Moral Hazard and Political Business Cycles? Evidence from Panel Data

Dreher, Axel; Vaubel, Roland - 2014

Using panel data for 106 countries in 1971-1997, we estimate generalized least squares regressions to explain IMF lending as well as monetary and fiscal policies in the recipient countries. With respect to moral hazard, we find that a country's rate of monetary expansion and its government...

Persistent link: https://www.econbiz.de/10014107906

The Development and Implementation of IMF and World Bank Conditionality

Dreher, Axel - 2003

The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … conditions seem to be influenced by contemporaneous World Bank activity. Moreover, the paper tries to explain compliance with … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …

Persistent link: https://www.econbiz.de/10014107912

The Contribution of the IMF and the World Bank to Economic Freedom

Boockmann, Bernhard; Dreher, Axel - 2008

We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al … World Bank credits is negative. These effects are stronger during the 1990s than in earlier periods. There is no clear …

Persistent link: https://www.econbiz.de/10014112772

Improving IMF’s Reputation in the Context of COVID-19

Dumitriu, Ramona; Stefanescu, Razvan - 2020

In the last decades, IMF’s reputation was affected by some negative perceptions on the organization, such as defender of the rich countries’ interests, an institution with immoral leaders, administrator of wrong solutions to the problems of national economies, promoter of the poverty and of...

Persistent link: https://www.econbiz.de/10014093434

The influence of financial corporations on IMF lending : Has it changed with the global financial crisis?

Andresen, Lena Lee - 2022

The global financial crisis of 2007–2008 might constitute another structural change in IMF lending after the Latin American debt crisis and the end of the Cold War. Using a panel dataset of 120 countries with IMF programmes from 1993 to 2016, I find that with the crisis, the importance of...

Persistent link: https://www.econbiz.de/10013298070

The role of the IMF in addressing climate change risks

2022

Climate change poses three specific but interrelated policy challenges: climate change mitigation, climate change adaptation (which includes building up resilience) and managing transition risks. The International Monetary Fund (IMF) is a multilateral institution with global reach and...

Persistent link: https://www.econbiz.de/10013448096

Do IMF Programs Stimulate Private Sector Investment?

Bomprezzi, Pietro; Marchesi, Silvia; Turk Ariss, Rima - 2023

This paper investigates the dynamic aggregate response of firm investments to the approval of an IMF arrangement. Using a local projection methodology, we find that distinguishing between General Resource Account (GRA) and Poverty Reduction and Growth Trust (PRGT) financing matters for the path...

Persistent link: https://www.econbiz.de/10014354411

IMF programs and borrowing costs : does size matter?

Chahine, Salim; Panizza, Ugo; Suedekum, Guilherme - 2024

This paper studies whether IMF programs and their size affect borrowing costs by comparing the coupon of bonds issued around an IMF arrangement. By comparing bonds issued immediately before the inset of the program with bonds issued immediately after the program, we show that, on average, the...

Persistent link: https://www.econbiz.de/10014520753

The IMF and Regulation of Cross-Border Capital Flows

Feibelman, Adam - 2015

This Article examines the International Monetary Fund's recent efforts to play an assertive regulatory role with regard to global capital flows. There is a growing consensus among scholars and policymakers that states must carefully manage capital flows and coordinate their policies for doing...

Persistent link: https://www.econbiz.de/10013031468