This paper studies the factors that have influenced countries' participation in IMF drawing programs. IMF drawing programs are defined as the period of a Stand-By Arrangement or an Extended Fund Facilities program during which a country borrows from the Fund. Since this definition excludes...

This paper uses six waves of the Bank of Italy Survey of Households Income and Wealth to explore the dynamics of asset portfolio ownership. The household asset portfolio decision is a choice among discrete alternatives, and I model the problem in a multinomial framework. I focus on a...

Birnbaum (2011, 2012) questioned the iid (independent and identically distributed) sampling assumptions used by state-of-the-art statistical tests in Regenwetter, Dana and Davis-Stober's (2010, 2011) analysis of the ``linear order model''. Birnbaum (2012) cited, but did not use, a test of iid by...