This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs), known for bank secrecy and asset protection, relative to other international destinations. Using quarterly data from the BIS on bilateral bank deposits, we are unable to detect...

This paper assess how priorities of the IMF’s membership have evolved over the past two decades, by using text mining techniques on a unique dataset combining IMFC communiqués and constituency statements. Our results reveal significant variation in priorities across time and constituencies....

This paper presents an overview of exposures in the balance sheets of central banks, banks, and other depository institutions during the past decade, with emphasis on asset growth and currency composition. It exploits the IMF's SRF-based monetary data to show: (i) there was a widely observed...

This Article examines the International Monetary Fund's recent efforts to play an assertive regulatory role with regard to global capital flows. There is a growing consensus among scholars and policymakers that states must carefully manage capital flows and coordinate their policies for doing...

The major objective of paper is to analyse the analytics of IMF conditionality, and its application with India time series data for the period of 41 years ie 1971-2012. It also takes into account its relevance in the rapidly growing economies. IMF has changed its major Financial programming in...

This paper deals with the question of whether the discrimination against agriculture that prevailed in Sub-Saharan Africa until the early 1980s has continued to characterize the region despite the widespread adoption of structural adjustment programs. The evolution of both direct interventions...

Three of the most relevant aspects of structural adjustment are presented in this paper: exchange policies, tariff policies, and fiscal policies. They are evaluated with a Computable General Equilibrium (CGE) model. The model is used first to assess the exchange rate as the most relevant...

This paper describes the methodology and the data used to compute nominal and real effective exchange rate indices in the International Monetary Fund`s Information Notice System (INS). In particular, it highlights improvements to the INS implemented over 1994-96, including modifications to the...

The operations of the IMF have evoked a great deal of interest in the economic profession. While the policy package as advocated by the IMF, may be quite detailed and complex, the quantitative underpinnings are simple. This research analyses the IMF monetary model designed by J.J. Polak and...