Dreher, Axel; Walter, Stefanie - In: World Development 38 (2010) 1, pp. 1-18
Summary We empirically analyze the effect of International Monetary Fund (IMF) involvement on the risk of entering a … currency crisis and, respectively, the outcome of such a crisis. Specifically, we investigate whether countries with previous … IMF intervention are more likely to experience currency crises. In a second step, we analyze the IMF's impact on a country …