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IMF-Supported Programs: Stimulating Capital to Solvent Countries
Veer, Koen van der; Jong, Eelke de - de Nederlandsche Bank - 2010
Sovereign default is the switching state between successful and unsuccessful Fund catalysis. We find the IMF to be … resuming lending, even when the IMF intervenes. As long as default is avoided, IMF programs help a country signal its … Fund catalysis, than the size of IMF lending. …
Persistent link: https://www.econbiz.de/10008475755
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The Fund, Commercial Banks, and Member Countries
Paul Mentré - International Monetary Fund (IMF) - 1984
Persistent link: https://www.econbiz.de/10005824865
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From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons
Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786
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Vested Interests in a Positive Theory of IFI Conditionality
Mourmouras, Alex; Mayer, Wolfgang - International Monetary Fund (IMF) - 2002
Understanding of the domestic political environment is key to building broad country ownership and the successful implementation of reform programs supported by international financial institutions (IFIs). But recipient countries are not unitary actors: policymakers are influenced by special...
Persistent link: https://www.econbiz.de/10005825788
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Efficiency and Legitimacy; Trade-Offs in IMF Governance
Cottarelli, Carlo - International Monetary Fund (IMF) - 2005
Designing appropriate governance structures for an international financial institution such as the IMF is difficult …
Persistent link: https://www.econbiz.de/10005825916
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Statistical Legislation; Toward a More General Framework
Khawaja, Sarmad; Morrison, Thomas K. - International Monetary Fund (IMF) - 2002
The paper outlines a general framework for statistical legislation. The implications of statistical legislation for the whole statistical system, as well as for centralized versus decentralized statistical systems, are addressed. The general framework is spelled out by identifying "essential"...
Persistent link: https://www.econbiz.de/10005826011
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International Financial Contagion and the Fund; A Theoretical Framework
Clark, Peter B.; Huang, Haizhou - International Monetary Fund (IMF) - 2001
a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction … further rounds of defaults. In this environment the IMF can limit default and internalize the externality generated by … contagion through its lending with conditionality. We characterize the IMF's optimal lending decision in mitigating the loss in …
Persistent link: https://www.econbiz.de/10005826144
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Is Policy Ownership An Operational Concept?
Boughton, James M.; Mourmouras, Alex - International Monetary Fund (IMF) - 2002
IMF lending is generally conditional on specified policies and outcomes. These conditions usually are negotiated …
Persistent link: https://www.econbiz.de/10005826172
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Mali; Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria: Staff Report; and Press Release...
International Monetary Fund (IMF); International … - 2006
Mali’s economy is showing renewed momentum resulting from a strong 2005–06 cereal harvest and strengthening terms of trade. The fiscal program remained well on track through end-2005. Discussion of the macroeconomic outlook focused on production-side growth prospects, such as...
Persistent link: https://www.econbiz.de/10011242861
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Former Yugoslav Republic of Macedonia; Report on Observance of Standards and Codes: Fiscal Transparency Module
International Monetary Fund (IMF); International … - 2006
relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency based on discussions with the authorities …
Persistent link: https://www.econbiz.de/10011244381