provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank …

This paper provides an empirical evaluation of the Flexible Credit Line (FCL), the IMF's prime precautionary lending …

powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …

The author studies the welfare implications of adjustment programs supported by the International Monetary Fund (IMF … joining a program is driven by IMF conditionality: to be able to borrow from the IMF, the country has to submit to limits on … the consumption of public goods. The benefits derive from the additional borrowing from the IMF (at a lower interest rate …

The International Monetary Fund (IMF) has played an important role in restructuring the Korean economy over the past … three years. Relying upon survey data collected in 1998 and 1999, this paper explores the role of the IMF in Korea, as … perceived by its citizens. In the eyes of the Korean people, the IMF helped their economy to recover from the crisis. However …

, as the needs of its clients and the type of crisis changed substantially over time. Some deceptively "new" IMF activities … are not entirely new. Before emerging market economies dominated IMF programs, advanced economies were its earliest (and … largest) clients through the 1970s. While currency problems were the dominant trigger of IMF involvement in the earlier …

This paper assesses that participation of countries in IMF programs significantly diminishes their vulnerability to … external shocks. Currently, one of the primary purposes of the IMF is to ensure global stability. As such, the Fund has the … participation in the IMF arrangements has a significant impact in decreasing the sensitivity to exogenous shocks. Despite the …

This paper contributes to the debate on the efficacy of IMF's catalytic finance in preventing financial crises …. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private … creditors and that several interventions in sequence may be necessary to avert an impending crisis. Absent of the IMF …