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The banking and currency crises of the last two decades inflictedsubstantial financial, economic, and social damage on thecountries in which they originated. In this work, the efficiencyof early warning indicators for these disastrous economic eventsis evaluated. An analysis of the traditional...
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This thesis studies how International Monetary Fund (IMF) loans interactwith private capital flows and how they affect … that the IMF hasboth de jure and de facto seniority rights over private creditors. It is shown thatIMF lending affects … borrowers and lenders in different ways. Ex-post, once theinitial borrowing decisions have been made, an IMF intervention always …
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