Cargando…
Sudden stops and IMF-supported programs /
Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate around this question by analyzing the impact of conventional IMF-supported programs on the inci...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, European Dept.,
2006.
|
| Colección: | IMF working paper ;
WP/06/101. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate around this question by analyzing the impact of conventional IMF-supported programs on the incidence of sudden stops. Correcting for the non-random assignment of programs, we find that sudden stops are fewer and generally less severe when an IMF arrangement exists and that this form of "insurance" works best for countries with strong fundamentals. In contrast there is no evidence that a Fund-supported program attenuates the output effects of capital account reversals if these nonetheless occur |
|---|---|
| Descripción Física: | 1 online resource (52 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1282413767 9781282413764 9781451908954 1451908954 1462307434 9781462307432 1452723915 9781452723914 9786613820808 6613820806 |
| ISSN: | 2227-8885 ; |