This paper empirically investigates the extent of investor moral hazard associated with IMF bailouts by analyzing the … responses of sovereign bond spreads to the changes in the perceived probability of IMF bailouts of countries undergoing … Russia in August 1998 that signaled a modification to IMF intervention policy. In contrast, we find evidence that investor …

The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank … conditionality is lower in election years and pre- election years. Breakdowns of IMF programs are less likely in election years …

We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al … relationship between credits and programs of the IMF and economic freedom. …

The International Monetary Fund (IMF) has played an important role in restructuring the Korean economy over the past … three years. Relying upon survey data collected in 1998 and 1999, this paper explores the role of the IMF in Korea, as … perceived by its citizens. In the eyes of the Korean people, the IMF helped their economy to recover from the crisis. However …

In this paper we analyze whether IMF conditionality is exclusively designed in line with observable economic indicators … letters of intent from 38 countries from 4/1997-2/2003 reveals that the number of conditions on an IMF loan depends on a … borrowing country’s voting pattern in the UN general assembly. Closer US allies receive IMF loans with fewer conditions …

The paper presents a three period model that studies the eects of IMF loans on borrowers’ and lenders’ welfare … highlighting the fact that the IMF has both de jure and de facto seniority rights over private creditors. It is shown that an IMF … IMF intervention always makes the borrower country better off. The eects on non-senior lenders depend on the size of the …

Der Länderbericht des IMF über Turkmenistan beschreibt das wirtschaftliche Umfeld des Landes. In einzelnen Kapiteln …