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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

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

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

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

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

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