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... 1998). IMF conditionality can thus indirectly decrease the likelihood of crises by increasing investors’ confidence that the government will adjust its macroeconomic policies. With regard to the effect of IMF conditions, emphasis is on implemented conditions, however. Many studies have shown that no ...
... 1998). IMF conditionality can thus indirectly decrease the likelihood of crises by increasing investors’ confidence that the government will adjust its macroeconomic policies. With regard to the effect of IMF conditions, emphasis is on implemented conditions, however. Many studies have shown that no ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... Mecagni, and Schadler 2000). These conflicting results arise from several sources, including differences in the types of IMF programs that are investigated; differences in the groups of countries that are investigated (e.g., poor developing vs. emerging-market economies); differences in the methodologi ...
... Mecagni, and Schadler 2000). These conflicting results arise from several sources, including differences in the types of IMF programs that are investigated; differences in the groups of countries that are investigated (e.g., poor developing vs. emerging-market economies); differences in the methodologi ...
Bayat(207).pdf
... cases were followed almost the same exchange rate system under the IMF supervision and their economic growths were based on the short run capital inflows. These features along with the dollarization and weakness of the banking system against external shocks leaded these countries to the biggest cris ...
... cases were followed almost the same exchange rate system under the IMF supervision and their economic growths were based on the short run capital inflows. These features along with the dollarization and weakness of the banking system against external shocks leaded these countries to the biggest cris ...
The International Monetary Fund: 70 Years of Reinvention
... As recently as 2008, the International Monetary Fund (IMF) seemed to be winding down its business. After the Argentine and Uruguayan crises of 2001-2003, the world had been comparatively free of financial crises. IMF lending, whether expressed as a share of world GDP or imports, fell to its lowest l ...
... As recently as 2008, the International Monetary Fund (IMF) seemed to be winding down its business. After the Argentine and Uruguayan crises of 2001-2003, the world had been comparatively free of financial crises. IMF lending, whether expressed as a share of world GDP or imports, fell to its lowest l ...
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... As recently as 2008, the International Monetary Fund (IMF) seemed to be winding down its business. After the Argentine and Uruguayan crises of 2001-2003, the world had been comparatively free of financial crises. IMF lending, whether expressed as a share of world GDP or imports, fell to its lowest l ...
... As recently as 2008, the International Monetary Fund (IMF) seemed to be winding down its business. After the Argentine and Uruguayan crises of 2001-2003, the world had been comparatively free of financial crises. IMF lending, whether expressed as a share of world GDP or imports, fell to its lowest l ...
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... effects (allowing average growth rates to vary across countries in the sample), β k is a kelement vector measuring the impact of policy changes on output, α h is a h-element vector measuring the impact of exogenous factors on output, β cc measures the effect of currency/balance-of-payments crises on ...
... effects (allowing average growth rates to vary across countries in the sample), β k is a kelement vector measuring the impact of policy changes on output, α h is a h-element vector measuring the impact of exogenous factors on output, β cc measures the effect of currency/balance-of-payments crises on ...
Natural Disasters: Mitigating Impact, Managing Risks
... Extended Credit Facility Extended Fund Facility Emergency Natural Disaster Assistance Exogenous Shocks Facility Flexible Credit Line ...
... Extended Credit Facility Extended Fund Facility Emergency Natural Disaster Assistance Exogenous Shocks Facility Flexible Credit Line ...
The IMF and the Brazilian Crisis
... In 1998-1999 Brazil suffered from a financial crisis. Its currency, the Real, collapsed in 1999. The International Monetary Fund came to the rescue. It is not universally accepted that the International Monetary Fund, henceforth referred to as IMF, always has the compatible answer to a crisis, and i ...
... In 1998-1999 Brazil suffered from a financial crisis. Its currency, the Real, collapsed in 1999. The International Monetary Fund came to the rescue. It is not universally accepted that the International Monetary Fund, henceforth referred to as IMF, always has the compatible answer to a crisis, and i ...
Economic Premise - World Bank Group
... to markets. With the fall of the Bretton Woods system and the severing of a formal link with gold (and other currencies), the attractiveness of the U.S. dollar as a global reserve currency has been market driven, largely by the liquidity and depth of U.S. financial markets. Central banks do not hold ...
... to markets. With the fall of the Bretton Woods system and the severing of a formal link with gold (and other currencies), the attractiveness of the U.S. dollar as a global reserve currency has been market driven, largely by the liquidity and depth of U.S. financial markets. Central banks do not hold ...
The IMF and Poor Countries
... should discontinue its lending to low income developing countries. A series of reports claimed that this was an inappropriate role for the Fund to play and that it would be better performed by aid donors or by the World Bank 1. The institutional comparative advantage of the IMF was claimed to lie el ...
... should discontinue its lending to low income developing countries. A series of reports claimed that this was an inappropriate role for the Fund to play and that it would be better performed by aid donors or by the World Bank 1. The institutional comparative advantage of the IMF was claimed to lie el ...
A Survey of Singapore`s Monetary Policy
... significantly sharper declines in output and employment. This was further supported by Eichengreen and Sachs (1985). Their study showed that by 1935, countries that had abandoned the Gold Standard recovered substantially from the Great Depression. On the other hand, the Gold Bloc countries, restrict ...
... significantly sharper declines in output and employment. This was further supported by Eichengreen and Sachs (1985). Their study showed that by 1935, countries that had abandoned the Gold Standard recovered substantially from the Great Depression. On the other hand, the Gold Bloc countries, restrict ...
Do loans harm?
... If however members of a society can be split up in mutually exclusive and completely exhaustive groups then the Theil-coefficient exists of two elements: the between-groups inequality and the within-in group inequality. The between-groups element is defined as ...
... If however members of a society can be split up in mutually exclusive and completely exhaustive groups then the Theil-coefficient exists of two elements: the between-groups inequality and the within-in group inequality. The between-groups element is defined as ...
- Banque de France
... Bretton Woods, have been significantly disconnected from the world dynamic during the Globalization period. In contrast, countries such as France, Italy and to a minor extent the US, who were dominated by idiosyncratic dynamics under Bretton Woods, have been resynchronizing with the world cycle. A s ...
... Bretton Woods, have been significantly disconnected from the world dynamic during the Globalization period. In contrast, countries such as France, Italy and to a minor extent the US, who were dominated by idiosyncratic dynamics under Bretton Woods, have been resynchronizing with the world cycle. A s ...
WP54
... 1. INTRODUCTION This paper aims to find out the main reasons why Singapore was less affected than its Southeast Asian neighbours by the 1997-98 Asian financial crisis and, to draw from this information some lessons for today’s developing and emerging economies. The question we raise forms part of t ...
... 1. INTRODUCTION This paper aims to find out the main reasons why Singapore was less affected than its Southeast Asian neighbours by the 1997-98 Asian financial crisis and, to draw from this information some lessons for today’s developing and emerging economies. The question we raise forms part of t ...
Capital Account Liberalization as a Development Strategy for
... Fund (IMF) and its policy advice on capital account liberalization and its domestic prerequisites. Why is it relevant to analyse Mexico’s economic performance through the eyes of the Fund? The IMF provides a privileged observation point for the purposes of this study in several respects. Firstly, t ...
... Fund (IMF) and its policy advice on capital account liberalization and its domestic prerequisites. Why is it relevant to analyse Mexico’s economic performance through the eyes of the Fund? The IMF provides a privileged observation point for the purposes of this study in several respects. Firstly, t ...
A Flop And A debAcle: InsIde the IMF`s GlobAl RebAlAncInG Acts
... 2008, the need for economic cooperation among major powers is more urgent than ever — particularly on the issue of trade and capital flow imbalances. Even those who doubt that global imbalances helped cause the crisis acknowledge the desirability of a well-coordinated plan aimed at shrinking the imb ...
... 2008, the need for economic cooperation among major powers is more urgent than ever — particularly on the issue of trade and capital flow imbalances. Even those who doubt that global imbalances helped cause the crisis acknowledge the desirability of a well-coordinated plan aimed at shrinking the imb ...
Revision Package H2 Economics 2014
... Apply these models in analysing and comparing markets and evaluate their usefulness as explanations of real world competitive behaviour Use the concept of profits to illustrate real world competitive behaviour of firms (in protecting their ...
... Apply these models in analysing and comparing markets and evaluate their usefulness as explanations of real world competitive behaviour Use the concept of profits to illustrate real world competitive behaviour of firms (in protecting their ...
The Panorama of the East Asian Crisis and the IMF`s
... the IMF for help.19 In 1998, Korea’s GDP decreased by 7 percent, wages dropped by 10 percent, and the unemployment rate increased to 10 percent.20 What happened in between? ...
... the IMF for help.19 In 1998, Korea’s GDP decreased by 7 percent, wages dropped by 10 percent, and the unemployment rate increased to 10 percent.20 What happened in between? ...
I F M What Is the
... and fiscal policies and to avoid, as far as possible, putting restrictions on exchanging domestic for foreign currency and on making payments to other members. Its members have given the IMF some authority over their payments policies because these policies are of paramount importance to the flow of ...
... and fiscal policies and to avoid, as far as possible, putting restrictions on exchanging domestic for foreign currency and on making payments to other members. Its members have given the IMF some authority over their payments policies because these policies are of paramount importance to the flow of ...
Poverty Reduction Strategy Paper - Basic Facts
... o Country driven - broad-based participation of civil society and privatesector in all operational steps o Results oriented - focused on results thatwill benefit the poor o Comprehensive in recognizing the multidimensional (multiple ranges) nature of poverty o Partnership oriented- coordinated parti ...
... o Country driven - broad-based participation of civil society and privatesector in all operational steps o Results oriented - focused on results thatwill benefit the poor o Comprehensive in recognizing the multidimensional (multiple ranges) nature of poverty o Partnership oriented- coordinated parti ...
2001:3 The International Monetary Fund´s quotas
... countries and developing countries, while rich industrial nations merely provide credit, i.e. contribute capital. Many are also aware that the IMF lends money to enable member countries to meet their payment obligations to other countries, in order to thereby promote international trade. The IMF’s r ...
... countries and developing countries, while rich industrial nations merely provide credit, i.e. contribute capital. Many are also aware that the IMF lends money to enable member countries to meet their payment obligations to other countries, in order to thereby promote international trade. The IMF’s r ...
Prologue -- Tearing Down Walls -- History of the International
... the Fund, to draw some general conclusions about the force of history on the international monetary system. ...
... the Fund, to draw some general conclusions about the force of history on the international monetary system. ...
CATO HANDBOOK CONGRESS FOR
... accompanied by U.S. Treasury and IMF bailouts, each time in increasing amounts. And although IMF and U.S. officials claimed that the 1995 Mexican bailout was a success, its legacy was the Asian crisis of 1997— at least in its severity. Indeed, the bailout of Mexico was a signal to the world that, if ...
... accompanied by U.S. Treasury and IMF bailouts, each time in increasing amounts. And although IMF and U.S. officials claimed that the 1995 Mexican bailout was a success, its legacy was the Asian crisis of 1997— at least in its severity. Indeed, the bailout of Mexico was a signal to the world that, if ...
Role of the IMF in the Global Financial Crisis Miranda Xafa
... that turned out to be so important in the recent crisis. The Fund has made important analytical contributions to the measurement of “interconnectedness” and systemic risk that can help define the perimeter of regulation, while warning against a “rush to regulate” in ways that unduly stifle innovatio ...
... that turned out to be so important in the recent crisis. The Fund has made important analytical contributions to the measurement of “interconnectedness” and systemic risk that can help define the perimeter of regulation, while warning against a “rush to regulate” in ways that unduly stifle innovatio ...
Singapore 2006
Singapore 2006 was a group of several concurrent events that were held in Singapore in support of the 61st Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank Group. The opening ceremony and plenary sessions for the main meetings took place from 19–20 September 2006 at the Suntec Singapore International Convention and Exhibition Centre (SSICEC) in Marina Centre. The ministers of G8, G10 and G24 coincided with the event on 16 September. Registration for event delegates began on 11 September 2006 at City Hall, and the three-day Program of Seminars from 16 September 2006 at the Pan Pacific Singapore. Other concurrent events that were held at various venues include the Singapore Biennale 2006 (4 September – 12 November), the Raffles Forum 2006 (14–15 September), Indonesia Day (17 September) and the Global Emerging Markets Investors Forum and Networking Reception (18 September).Event organisers expected a turnout of about 16,000 delegates and observers, but saw a record 23,000 delegates and 300 finance ministers registering themselves, the largest turnout for an overseas annual meeting. It is the largest meeting in Singapore's history, and other meetings include the 117th IOC Session and the WTO Ministerial Conference 1996. The meeting's key focus was to improve the lives of the people in developing nations, with many member nations calling for a louder voice, especially for developing countries. Dominating issues include quotas and voting rights in the IMF, in turn decides on the policies on the prevention and management of financial crises. The event ended with the main achievement being the reform of the IMF system, the main topics were the prospects of and the risk of the global economy.