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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
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Explaining IMF lending decisions after the Cold War
Moser, Christoph; Sturm, Jan-Egbert - 2011
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/10009270467
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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
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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
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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
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IMF Credit : How Important are Political Factors? A Robustness Analysis
Sturm, Jan-Egbert; Berger, Helge; Haan, Jakob de - 2021
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/10013320670
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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
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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
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Independent Actor or Agent? An Empirical Analysis of the Impact of Us Interests on IMF Conditions
Dreher, Axel; Jensen, Nathan M. - 2006
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/10014059774
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Independent Actor or Agent? An Empirical Analysis of the Impact of US Interests on IMF Conditions
Dreher, Axel; Jensen, Nathan M. - 2006
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/10014060254