Showing 1 - 10 of 160
The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this … World Bank conditionality as well as interruptions of IMF programs in the recipient countries. Compliance with World Bank … conditionality is lower in election years and pre-election years. Breakdowns of IMF programs are less likely in election years …
Persistent link: https://www.econbiz.de/10010295488
extent the presence of IMF, World Bank, regional Multilateral Development Banks, WTO and Global Environmental Facilities has …
Persistent link: https://www.econbiz.de/10010285927
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version …
Persistent link: https://www.econbiz.de/10010288466
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version …
Persistent link: https://www.econbiz.de/10010319723
This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European future Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of ?emerging...
Persistent link: https://www.econbiz.de/10010295650
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 … sovereign defaults and program participation simultaneously. Furthermore, IMF programs turn out to be especially detrimental to …
Persistent link: https://www.econbiz.de/10010286366
by whether or not the countries publish the IMF Article IV Staff report and the Reports on the Observance of Standards …
Persistent link: https://www.econbiz.de/10010308569
This paper discusses the goal conflict between social protection and economic growth as well as employment. Taking the German economy as an example for the large continental economies of Old Europe, it analyzes twenty mechanisms that affect the fundamentals of the economy negatively and imply...
Persistent link: https://www.econbiz.de/10010272945
This paper supplements prior analysis on 'patterns and prospects' (Stephan, 2003) in which prospects for the speed of future productivity growth were assessed by looking at the specialisation patterns in domestic production. This analysis adds the foreign trade sphere to the results generated in...
Persistent link: https://www.econbiz.de/10010316350
New Keynesian Phillips Curves (NKPC) have been exten-sively used in the analysis of monetary policy, but yet there are a number of issues of concern about how they are estimated and then related to the underlying macro-economic theory. The first is whether such equations are identified. To check...
Persistent link: https://www.econbiz.de/10011604938