IMF credit: How important are political factors?: a robustness analysis

We test weather, in addition to economic conditions, IMF credit is influenced by political factors. On the basis of a panel model for 128 countries over the period 1972-1998, we find that dept service scaled to exports, international reserve holdings scaled to imports and economic growth, as well as...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Sturm, Jan-Egbert 1969- (VerfasserIn), Berger, Helge 1965- (VerfasserIn), Haan, Jakob de 1960- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Munich Center for Economic Studies [u.a.] 2002
Schriftenreihe:CESifo working papers 642 : Category 6, Monetary policy and international finance
Schlagworte:
Zusammenfassung:We test weather, in addition to economic conditions, IMF credit is influenced by political factors. On the basis of a panel model for 128 countries over the period 1972-1998, we find that dept service scaled to exports, international reserve holdings scaled to imports and economic growth, as well as investment are robustly related to IMF credit supply. Arguably, these results are broadly consistent with the IMF's mission. The only political variables, which appear to be related to changes in IMF credit are government stability, the quality of the bureaucracy, and a dummy variable indicating the extent of political opposition. Possible interpretations of these findings are discussed.
Beschreibung:Literaturverz. S. 17 - 18
Beschreibung:24 S.

Es ist kein Print-Exemplar vorhanden.

Fernleihe Bestellen Achtung: Nicht im THWS-Bestand!