Showing 1 - 10 of 50
assess the capacity of the new EU-IMF economic adjustment programme to stabilize Greece’s external position, we utilize our …
Persistent link: https://www.econbiz.de/10010686683
assess the capacity of the new EU-IMF economic adjustment programme to stabilize Greece’s external position, we utilize our …
Persistent link: https://www.econbiz.de/10010744996
(IMF or Fund). The essential component of designing any IMF program, assessing the extent to which a borrowing country is … policy goals of the IMF, the IMF staff may bypass the formal channel of policy dialogue through informal contacts and … that proxies shared policy beliefs based on the professional characteristics of IMF staff and developing country officials …
Persistent link: https://www.econbiz.de/10010746570
like the G20, the World Bank, and the International Monetary Fund (IMF)? Alarm bells are ringing in G7 capitals about G7 …
Persistent link: https://www.econbiz.de/10011126516
The latest global financial crisis has allowed the International Monetary Fund (IMF) a spectacular comeback. But … preference for austerity in recent crisis lending. Though widely welcomed as overdue, the IMF’s shift away from what John … between the IMF and the EU, in which the EU has very actively promoted orthodox measures in return for loans. We argue that …
Persistent link: https://www.econbiz.de/10011071093
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 …
Persistent link: https://www.econbiz.de/10005699628
We develop a two-period model with endogenous investment and credit flows. Credit is subject to quantitative restrictions. With an exogenous restriction, we analyze the welfare effects of temporary tariffs. We then consider three scenarios under which a monopoly lender optimally decides the...
Persistent link: https://www.econbiz.de/10005342183
In this paper we study the question of debt sustainability from a risk management perspective. The debt accumulation equation for any country involves variables that are stochastic and closely intertwined. When these aspects are taken into consideration the notion of debt sustainability is...
Persistent link: https://www.econbiz.de/10005129802
's economic policy. This essay provides a theoretical grounding for the IMF and other multilateral agencies intervention on the …
Persistent link: https://www.econbiz.de/10005129800
We present the first firm-level analysis of stock market liberalization on investment. In the year that an emerging economy liberalizes, the growth rate of its typical firm^Òs capital stock exceeds the pre-liberalization mean by 4.1 percentage points. In each of the next three years the average...
Persistent link: https://www.econbiz.de/10005129816