Aiyar, Shekhar S.; Patnam, Manasa - 2022
This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs … on bilateral bank deposits, we are unable to detect any positive and statistically significant effect of IMF loan … disbursements on bank deposits in OFCs. The result holds even after restricting the sample to the duration of the IMF program, where …