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Time Present And Time Past A Duration Analysis Of Imf Program Spells
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Book Synopsis Time Present and Time Past : a Duration Analysis of IMF Program Spells by : Joseph P. Joyce
Download or read book Time Present and Time Past : a Duration Analysis of IMF Program Spells written by Joseph P. Joyce and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Time Past and Time Present by : Joseph P. Joyce
Download or read book Time Past and Time Present written by Joseph P. Joyce and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The programs of the IMF were designed to provide short-term assistance to countries with balance-of-payments disequilibria. Over time, however, the Fund instituted new facilities with longer time horizons, while many countries adopted consecutive programs. As a result, the length of time spent by countries in IMF programs has grown. This paper analyzes IMF program spells for a group of developing economies over the period of 1982-2000. Duration models are used to investigate the time dependence of the spells and the factors that affect their duration. The hazard ratio of spells has a nonmonotonic shape, first rising and then falling. Spell duration is independent of previous spell length or the number of spells. Program duration is extended for countries with lower income, exports concentrated in primary goods, landlocked geographic status and autocratic regimes. Governments that are polarized have shorter spells, which may reflect a breakdown in governance.
Book Synopsis The Politics of IMF Lending by : M. Breen
Download or read book The Politics of IMF Lending written by M. Breen and published by Springer. This book was released on 2013-08-15 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: As national governments continue to disagree over how to respond to the aftermath of the global financial crisis, two of the few areas of consensus were the decisions to increase the IMF's capacity to respond and remove the policies designed to limit the use of its resources. Why was this massive increase in the size of the IMF, accompanied by the removal of policies designed to limit moral hazard, such an easy point of consensus? Michael Breen looks at the hidden politics behind IMF lending and proposes a new theory based on shareholder control. To test this theory, he combines statistical analysis with a sweeping account of IMF lending and conditionality during two global crises; the European sovereign debt crisis and the Asian financial crisis.
Book Synopsis Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks by : Yasemin Bal-Gunduz
Download or read book Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks written by Yasemin Bal-Gunduz and published by International Monetary Fund. This book was released on 2009-12-01 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks are found to be significant determinants of Fund financing. Moreover, global conditions, including changes in real oil and non-oil commodity prices and world trade, are also significant. Therefore, the demand for Fund financing by LICs is likely to be cyclical in response to common shocks with its intensity depending on the severity and persistence of adverse shocks.
Book Synopsis Handbook of Research Methods in International Relations by : Huddleston, R. J.
Download or read book Handbook of Research Methods in International Relations written by Huddleston, R. J. and published by Edward Elgar Publishing. This book was released on 2022-08-05 with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together international experts on research methods in International Relations (IR), this Handbook answers the complex practical questions for those approaching a new research topic for the first time. Innovative in its approach, it considers the art of IR research as well as the science, offering diverse perspectives on current research methods and emerging developments in the field.
Book Synopsis The IMF and Economic Development by : James Raymond Vreeland
Download or read book The IMF and Economic Development written by James Raymond Vreeland and published by Cambridge University Press. This book was released on 2003-03-03 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do governments turn to the International Monetary Fund (IMF) and with what effects? This book argues that governments enter IMF programs for economic and political reasons, and finds that the effects are negative on economic growth and income distribution. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. Note that if governments desiring conditions are more likely to participate, estimating program effects is not straightforward: one must control for the potentially unobserved political determinants of selection. This book addresses the selection problem using a dynamic bivariate version of the Heckman model analyzing cross-national time-series data. The main finding is that the negative effects of IMF programs on economic growth are mitigated for certain constituencies since programs also have distributional consequences. But IMF programs doubly hurt the least well off in society: they lower growth and shift the income distribution upward.
Book Synopsis The Cost of Being Landlocked by : Jean-Fran ois Arvis
Download or read book The Cost of Being Landlocked written by Jean-Fran ois Arvis and published by World Bank Publications. This book was released on 2010-07-07 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The Cost of Being Landlocked' proposes a new analytical framework to interpret and model the constraints faced by logistics chains on international trade corridors. The plight of landlocked developing countries (LLDCs) has naturally received special attention for decades, leading to a specific set of development priorities based upon the concept of dependence on the transit state. Therefore, the standard approach used to tackle the cost of being landlocked has been predominantly aimed at developing regional transport infrastructure and ensuring freedom of transit through regional conventions. But without sufficient attention given to the performance of logistics service delivery to traders, the standard approach is unable to address key bottleneck concerns and the factors that contribute to the cost of being landlocked. Consequently, the impact of massive investment on trade corridors could not materialize to its full extent. Based on extensive data collection in several regions of the world, this book argues that although landlocked developing countries do face high logistics costs, these costs are not a result of poor road infrastructure, since transport prices largely depend on trucking market structure and implementation of transit processes. This book suggests that high logistics costs in LLDCs are a result of low logistics reliability and predictability, which stem from rent-seeking and governance issues. 'The Cost of Being Landlocked' will serve as a useful guide for policy makers, supervisory authorities, and development agencies.
Book Synopsis The Economic Impact of IMF-Supported Programs in Low-Income Countries by : Yasemin Bal-Gunduz
Download or read book The Economic Impact of IMF-Supported Programs in Low-Income Countries written by Yasemin Bal-Gunduz and published by International Monetary Fund. This book was released on 2013-10-04 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Advancing Development by : G. Mavrotas
Download or read book Advancing Development written by G. Mavrotas and published by Springer. This book was released on 2007-01-05 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reflects on current thinking in development economics and on what may happen over the next two decades. As well as studying development economics in retrospect, the volume explores the current debates and challenges and looks forward at the problems that affect the global capacity to achieve the Millennium Development Goals.
Book Synopsis IMF-Supported Programs in Low Income Countries by : Mr.Christian Mumssen
Download or read book IMF-Supported Programs in Low Income Countries written by Mr.Christian Mumssen and published by International Monetary Fund. This book was released on 2014-01-15 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Working Paper Series written by and published by . This book was released on 2000 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Evaluation of Prolonged Use of IMF Resources by : International Monetary Fund. Independent Evaluation Office
Download or read book Evaluation of Prolonged Use of IMF Resources written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2002 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The issue of prolonged use of IMF resources has been the subject of external criticism and internal concern. The various reasons that have caused prolonged use to expand over the last three decades are examined, be they related to IMF lending policies, to specific characteristics of the countries concerned, to shortcomings in program design and implementation, or to broader institutional factors. Given the IEO's mandate, the focus is on the role of the IMF, without suggesting that the IMF is responsible for all problems that contributed to prolonged adjustment difficulties. Clearly, the governments of the countries themselves bear primary responsibility for their policies.
Book Synopsis The International Monetary Fund and the World Economy by : Graham R. Bird
Download or read book The International Monetary Fund and the World Economy written by Graham R. Bird and published by . This book was released on 2007 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Cure Worse Than the Disease? by : Michael M. Hutchison
Download or read book A Cure Worse Than the Disease? written by Michael M. Hutchison and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Adoption and Impact of Proprietary Seed Technologies in Staple Food Crops by : Ira Matuschke
Download or read book Adoption and Impact of Proprietary Seed Technologies in Staple Food Crops written by Ira Matuschke and published by Cuvillier Verlag. This book was released on 2007 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Transition Dynamics in Vintage Capital Models by : Simon Gilchrist
Download or read book Transition Dynamics in Vintage Capital Models written by Simon Gilchrist and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Financing Costs and International Trade by : Yothin Jinjarak
Download or read book Essays on Financing Costs and International Trade written by Yothin Jinjarak and published by . This book was released on 2004 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: