political similarity between borrowers and G7 governments has influenced the participation in IMF pro-grams, especially where …

This paper explores empirically how the adoption of IMF programs affects sovereign risk over the medium term. We nd … that IMF programs signifcantly increase the probability of subsequent sovereign defaults by approximately 1.5 to 2 … sovereign defaults and program participation simultaneously. Furthermore, IMF programs turn out to be especially detrimental to …

IMF programs consist of granting loans, and of conditionality that countries have to follow in order to qualify for … to find out which effect IMF programs have on the personal and wage income distribution of the grant receiving country …. Similar to findings on growth (Dreher 2006), IMF programs have also a negative impact on income. This is due mainly to …

IMF programs consist of granting loans, and of conditionality that countries have to follow in order to qualify for … to find out which effect IMF programs have on the personal and wage income distribution of the grant receiving country …. Similar to findings on growth (Dreher 2006), IMF programs have also a negative impact on income. This is due mainly to …

Using panel data for 68 countries over the period 1975-2002 this paper examines how IMF programs, disbursed loans, and … reduces the probability of a crisis. Once in a crisis, IMF programs significantly increase the probability that the …

Using panel data for 68 countries over the period 1975-2002 this paper examines how IMF programs, disbursed loans, and … reduces the probability of a crisis. Once in a crisis, IMF programs significantly increase the probability that the …

of IMF programs, but also the loan effect and the policy advice effect. This kind of separation is often very important …

examine whether the changes in the regime governing capital flows took place during participation in IMF programs. We find … premature, we compare the economic and financial characteristics of countries that decontrolled during IMF programs with those …-98, we examine whether the changes in the regime governing capital flows took place during participation in IMF programs. We …