Dreher, Axel (contributor); Walter, Stefanie (contributor) - 2008
compliance with conditionality affect the risk of currency crises and the outcome of such crises. Specifically, we investigate … that the IMF - contrary to the Fund's critics - does indeed fulfill its functions of promoting exchange rate stability and …Using panel data for 68 countries over the period 1975-2002 this paper examines how IMF programs, disbursed loans, and …