Bank crises in emerging economies have been a feature of the recent global crisis, and their incidence has increased in the post-Bretton Woods era. This paper investigates the impact of financial globalization on the incidence of systemic bank crises in 20 emerging markets over the years...

type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">The evolution of exchange rate regimes</title> <p> The last two decades have seen far-reaching changes in the structure of the international monetary system. Europe moved from the European Monetary System to the euro. China adopted a dollar peg and then moved to a basket,...</p>

We analyze disagreements over de facto exchange-rate-regime classifications using three popular de facto regime data series. While there is a moderate degree of concurrence across classifications, disagreements are not uncommon, and they are not random. They are most prevalent in middle-income...

We perform a survival analysis of the policy composed of an intermediate exchange rate regime and a closed financial account. The analysis proposed is novel because we overcome the potential endogeneity between the two policies by analyzing the duration of the policy mix, estimate a multiple...

This article analyses the effect of IMF programs on poverty with data from 82 countries during 1985-2000. Two indicators of poverty, infant mortality rates and the human development index (HDI), are utilized, and the effects of the IMF's concessionary and nonconcessionary programs are...