Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - 2013 - This version: June 2013
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for … continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested … finding a measure of political importance that is not plagued by endogeneity and obtaining data on IMF conditionality. We …