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Explaining IMF Lending Decisions After the Cold War

Moser, Christoph - 2014

arrangement with the IMF and the determinants of the financial size of such a program. Arguably the world and the global financial …

Persistent link: https://www.econbiz.de/10013068141

IMF credit: how important are political factors? : a robustness analysis

Sturm, Jan-Egbert; Berger, Helge; Haan, Jakob de - 2002

We test whether, in addition to economic conditions, IMF credit is influenced by political factors. On the basis of a panel model for 128 countries over the period 1972-1998, we find that debt service scaled to exports, international reserve holdings scaled to imports and economic growth, as...

Persistent link: https://www.econbiz.de/10011408821

Does the IMF Cause Moral Hazard and Political Business Cycles? Evidence from Panel Data

Dreher, Axel; Vaubel, Roland - 2014

Using panel data for 106 countries in 1971-1997, we estimate generalized least squares regressions to explain IMF lending as well as monetary and fiscal policies in the recipient countries. With respect to moral hazard, we find that a country's rate of monetary expansion and its government...

Persistent link: https://www.econbiz.de/10014107906

The effect of IMF lending on the probability of sovereign debt crises

Jorra, Markus - 2010

This paper explores empirically how the adoption of IMF programs affects sovereign risk over the medium term. We find that IMF programs significantly increase the probability of subsequent sovereign defaults by approximately 1.5 to 2 percentage points. These results cannot be attributed to...

Persistent link: https://www.econbiz.de/10008695546

IMF Credit : How Important are Political Factors? A Robustness Analysis

Sturm, Jan-Egbert; Berger, Helge; Haan, Jakob de - 2021

Persistent link: https://www.econbiz.de/10013320670

The Development and Implementation of IMF and World Bank Conditionality

Dreher, Axel - 2003

The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … conditions seem to be influenced by contemporaneous World Bank activity. Moreover, the paper tries to explain compliance with … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank …

Persistent link: https://www.econbiz.de/10014107912

Independent actor or agent? : An empirical analysis of the impact of US interests on IMF conditions

Dreher, Axel (contributor); Jensen, Nathan (contributor) - 2005

In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators or, alternatively, whether it is partly driven by its major shareholder, the US. A panel data analysis of 206 letters of intent from 38 countries over the period 4/1997-2/2003...

Persistent link: https://www.econbiz.de/10003289327

IMF Policies for Financial Crises Preventions in Emerging Markets

Noya, Nelson; Lorenzo, Fernando - 2014

should consider at least two constraints that policy makers will deal with in the real world of financial crises. First …

Persistent link: https://www.econbiz.de/10014198508

Proposals for Changing the Functions of the International Monetary Fund (IMF)

Mikesell, Raymond Frech - 1998

World Bank was celebrated at meetings in Washington, DC; at Bretton Woods, New Hampshire; and at the Annual Meeting of the …

Persistent link: https://www.econbiz.de/10014221440

The Contribution of the IMF and the World Bank to Economic Freedom

Boockmann, Bernhard; Dreher, Axel - 2008

We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al … World Bank credits is negative. These effects are stronger during the 1990s than in earlier periods. There is no clear …

Persistent link: https://www.econbiz.de/10014112772