IMF-Supported Programs in Low Income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF-Supported Programs in Low Income Countries write by Mr.Christian Mumssen. This book was released on 2014-01-15. IMF-Supported Programs in Low Income Countries available in PDF, EPUB and Kindle. 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.
IMF-Supported Programs and Income Convergence in Low-Income Countries
IMF-Supported Programs and Income Convergence in Low-Income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF-Supported Programs and Income Convergence in Low-Income Countries write by Tejesh Pradhan. This book was released on 2018-12-13. IMF-Supported Programs and Income Convergence in Low-Income Countries available in PDF, EPUB and Kindle. Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.
IMF-Supported Programs
IMF-Supported Programs - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF-Supported Programs write by Mr.Ashoka Mody. This book was released on 2006-04-03. IMF-Supported Programs available in PDF, EPUB and Kindle. Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.
The Economic Impact of IMF-Supported Programs in Low-Income Countries
The Economic Impact of IMF-Supported Programs in Low-Income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economic Impact of IMF-Supported Programs in Low-Income Countries write by Yasemin Bal-Gunduz. This book was released on 2013-10-04. The Economic Impact of IMF-Supported Programs in Low-Income Countries available in PDF, EPUB and Kindle. 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.
The Impact of IMF-Supported Programs on FDI in Low-income Countries
The Impact of IMF-Supported Programs on FDI in Low-income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Impact of IMF-Supported Programs on FDI in Low-income Countries write by Mr.Ali J Al-Sadiq. This book was released on 2015-07-16. The Impact of IMF-Supported Programs on FDI in Low-income Countries available in PDF, EPUB and Kindle. 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.
