Do Imf Supported Programs Work
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Do Imf Supported Programs Work A Survey Of The Cross Country Empirical Evidence
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1998-12-01
Do Imf Supported Programs Work A Survey Of The Cross Country Empirical Evidence written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-12-01 with Business & Economics categories.
Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance, lower inflation, and higher growth. These studies use a variety of methodologies and cover different country samples and time periods. This paper critically surveys the evidence yielded by the cross-country studies, paying special attention to the pros and cons of the respective empirical methodologies employed. These studies, particularly the more recent ones, conclude that IMF-supported programs have generally been successful in stabilizing the economy.
Do Imf Supported Programs Work
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Author : Nadeem Ul Haque
language : en
Publisher:
Release Date : 1998
Do Imf Supported Programs Work written by Nadeem Ul Haque and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Balance of payments categories.
Do Imf Supported Programs Catalyze Donor Assistance To Low Income Countries
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Author : Yasemin Bal-Gunduz
language : en
Publisher: International Monetary Fund
Release Date : 2014-11-12
Do Imf Supported Programs Catalyze Donor Assistance To Low Income Countries written by Yasemin Bal-Gunduz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-12 with Business & Economics categories.
This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or exogenous shocks have a significant catalytic impact on both the size and the modality of ODA. Moreover, the impact is greatest when LICs are faced with substantial macroeconomic imbalances or large shocks. Nevertheless, when countries attracting similar donor assistance before shocks are matched results for bilateral ODA turn insignificant, suggesting that the catalytic impact is attributed primarily to multilateral ODA.
Do Imf Supported Programs Help Make Fiscal Adjustment More Durable
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Author : Soojin Moon
language : en
Publisher: International Monetary Fund
Release Date : 2003-02-01
Do Imf Supported Programs Help Make Fiscal Adjustment More Durable written by Soojin Moon and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-02-01 with Business & Economics categories.
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in program countries both revenue and expenditure declined. However, in countries with programs that included structural conditions the adjustment was effected primarily through sharp expenditure compression. We did not find evidence of a statistically significant impact of IMF conditionality. Morever, fiscal improvements are strongly influenced by cyclical factors
The Impact Of Imf Supported Programs On Fdi In Low Income Countries
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Author : Mr.Ali J Al-Sadiq
language : en
Publisher: International Monetary Fund
Release Date : 2015-07-16
The Impact Of Imf Supported Programs On Fdi In Low Income Countries written by Mr.Ali J Al-Sadiq and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-16 with Business & Economics categories.
It is common for IMF-supported adjustment programs with low-income member countries (LICs) to project that they will facilitate FDI inflows. The main objective of this paper is to empirically examine this hypothesis. Using an unbalanced panel dataset for 73 low-income countries over the period 1980–2012, and two different econometric methods that address the selection-bias problem, the empirical results robustly show that participating in IMF-supported program is associated with a significant increase in FDI inflows.
The Economic Impact Of Imf Supported Programs In Low Income Countries
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Author : Yasemin Bal-Gunduz
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-04
The Economic Impact Of Imf Supported Programs In Low Income Countries written by Yasemin Bal-Gunduz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-04 with Business & Economics categories.
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
Do Imf Supported Programs Boost Private Capital Inflows The Role Of Program Size And Policy Adjustment
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Author : Roberto Benelli
language : en
Publisher: International Monetary Fund
Release Date : 2003-11-01
Do Imf Supported Programs Boost Private Capital Inflows The Role Of Program Size And Policy Adjustment written by Roberto Benelli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11-01 with Business & Economics categories.
I analyze empirically whether program size (the size of financial assistance) and policy adjustment matter for the success of IMF-supported programs. I define a program as successful if the initial program projections for net private capital flows are met or exceeded. I find that success is negatively associated with the size of financial assistance, especially in countries with market access, and that projection biases binding constraints on the amount of IMF lending may account for this association. Moreover, policy adjustment seems to have a causal positive effect on the likelihood of program success.
Effects Of Imf Supported Programs On Gender Inequality
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Author : Theo S. Eicher
language : en
Publisher: International Monetary Fund
Release Date : 2024-12-06
Effects Of Imf Supported Programs On Gender Inequality written by Theo S. Eicher and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-06 with categories.
Crises often require economic consolidations that may unevenly affect different segments of the population. Some crisis countries enter financial arrangements with the IMF and adopt adjustment programs, and studies have associated program conditionality with negative impacts on gender inequality. Proper evaluations of the impacts of IMF-supported programs on gender inequality require, however, credible control groups that address the counterfactual: do post-crisis gender disparities evolve differently without an IMF-supported program? We examine over 150 IMF-supported programs (1994-2022) using custom-tailored control groups that match each IMF-supported program country’s gender and economic trends and find overwhelming evidence against systematic impacts of IMF-supported programs on gender equality.
Imf Supported Programs In Low Income Countries
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Author : Mr.Christian Mumssen
language : en
Publisher: International Monetary Fund
Release Date : 2014-01-15
Imf Supported Programs In Low Income Countries written by Mr.Christian Mumssen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-15 with Business & Economics categories.
This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.
Do Imf Supported Programs Work A Survey Of The Cross Country Empirical Evidence
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Author : Nadeem Ul Haque
language : en
Publisher:
Release Date : 2014
Do Imf Supported Programs Work A Survey Of The Cross Country Empirical Evidence written by Nadeem Ul Haque and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance, lower inflation, and higher growth. These studies use a variety of methodologies and cover different country samples and time periods. This paper critically surveys the evidence yielded by the cross-country studies, paying special attention to the pros and cons of the respective empirical methodologies employed. These studies, particularly the more recent ones, conclude that IMF-supported programs have generally been successful in stabilizing the economy.