Search Results

You are looking at 1 - 10 of 14 items

  • Keyword: International Lending and Debt Probl... x
Clear All Modify Search
Bond Restructuring and Moral Hazard

Bond Restructuring and Moral Hazard »

Source: Bond Restructuring and Moral Hazard : Are Collective Action Clauses Costly?

Volume/Issue: 2001/92

Series: IMF Working Papers

Author(s): Torbjorn Becker , Anthony Richards , and Yunyong Thaicharoen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

ISBN: 9781451851595

Keywords: Bond restructuring, contract design, law, bonds, bond, bondholders, International Lending and Debt Problems,

Many official groups have endorsed the wider use by emerging market borrowers of contract clauses which allow for a qualified majority of bondholders to restructure repayment terms in the event of financial distres...

Structural Reforms, IMF Programs and Capacity Building

Structural Reforms, IMF Programs and Capacity Building »

Source: Structural Reforms, IMF Programs and Capacity Building : An Empirical Investigation

Volume/Issue: 2012/232

Series: IMF Working Papers

Author(s): Rabah Arezki , Marc Quintyn , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 September 2012

ISBN: 9781475510706

Keywords: Structural Reform, IMF Program, Capacity Building, technical assistance, regulation, capacity building activities, bureaucratic quality, General, International Lending and Debt Problems,

This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and stru...

The Political Economy of Conditional and Unconditional Foreign Assistance

The Political Economy of Conditional and Unconditional Foreign Assistance »

Source: The Political Economy of Conditional and Unconditional Foreign Assistance : Grants vs. Loan Rollovers

Volume/Issue: 2004/38

Series: IMF Working Papers

Author(s): Wolfgang Mayer , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451845723

Keywords: common agency models, grants vs. loans, interest group, economic policies, interest groups, political influence, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic po...

What Determines the Implementation of IMF-Supported Programs?

What Determines the Implementation of IMF-Supported Programs? »

Source: What Determines the Implementation of IMF-Supported Programs?

Volume/Issue: 2003/8

Series: IMF Working Papers

Author(s): Alex Mourmouras , Anna Ivanova , George Anayotos , and Wolfgang Mayer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451842531

Keywords: IMF-supported programs, ownership, political economy, probability, political institutions, interest groups, statistics, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

This paper assesses the implementation of IMF-supported programs using measures of program interruptions, compliance with conditionality, and the share of committed funds disbursed. The econometric model allows an...

How Does the Global Economic Environment Influence the Demand for IMF Resources?

How Does the Global Economic Environment Influence the Demand for IMF Resources? »

Source: How Does the Global Economic Environment Influence the Demand for IMF Resources?

Volume/Issue: 2006/239

Series: IMF Working Papers

Author(s): Selim Elekdag

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

ISBN: 9781451864991

Keywords: prediction, IMF lending capacity, IMF income position, probability, current account, predictions, current account balance, credit tranches, Global Outlook, International Monetary Arrangements and Institutions

The main objective of this paper is to quantify the relationship between the global economic environment and the number of Stand-By Arrangements (SBAs). The results suggest that oil prices, world interest rates, an...

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model*

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model* »

Source: Debt Sustainability, Public Investment, and Natural Resources in Developing Countries : the DIGNAR Model

Volume/Issue: 2014/50

Series: IMF Working Papers

Author(s): Giovanni Melina , Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2014

ISBN: 9781475515459

Keywords: Small Open DSGE Models, DIGNAR, commercial borrowing, fiscal gap, domestic borrowing, commercial debt, Exhaustible Resources and Economic Development, International Lending and Debt Problems,

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant...

Vested Interests in a Positive Theory of IFI Conditionality

Vested Interests in a Positive Theory of IFI Conditionality »

Source: Vested Interests in a Positive Theory of IFI Conditionality

Volume/Issue: 2002/73

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Wolfgang Mayer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

ISBN: 9781451849479

Keywords: ownership, common agency, political economy, interest group, economic assistance, economic policies, interest groups, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Political Economy Of International Financial Institutions,

Understanding of the domestic political environment is key to building broad country ownership and the successful implementation of reform programs supported by international financial institutions (IFIs). But reci...

Bond Restructuring and Moral Hazard
			: Are Collective Action Clauses Costly?

Bond Restructuring and Moral Hazard : Are Collective Action Clauses Costly? »

Volume/Issue: 2001/92

Series: IMF Working Papers

Author(s): Torbjorn Becker , Anthony Richards , and Yunyong Thaicharoen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

DOI: http://dx.doi.org/10.5089/9781451851595.001

ISBN: 9781451851595

Keywords: Bond restructuring, contract design, law, bonds, bond, bondholders, International Lending and Debt Problems,

Many official groups have endorsed the wider use by emerging market borrowers of contract clauses which allow for a qualified majority of bondholders to restructure repayment terms in the event of financial distres...

Structural Reforms, IMF Programs and Capacity Building
			: An Empirical Investigation

Structural Reforms, IMF Programs and Capacity Building : An Empirical Investigation »

Volume/Issue: 2012/232

Series: IMF Working Papers

Author(s): Rabah Arezki , Marc Quintyn , and Frederik Toscani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 September 2012

DOI: http://dx.doi.org/10.5089/9781475510706.001

ISBN: 9781475510706

Keywords: Structural Reform, IMF Program, Capacity Building, technical assistance, regulation, capacity building activities, bureaucratic quality, General, International Lending and Debt Problems,

This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and stru...

The Political Economy of Conditional and Unconditional Foreign Assistance
			: Grants vs. Loan Rollovers

The Political Economy of Conditional and Unconditional Foreign Assistance : Grants vs. Loan Rollovers »

Volume/Issue: 2004/38

Series: IMF Working Papers

Author(s): Wolfgang Mayer , and Alex Mourmouras

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

DOI: http://dx.doi.org/10.5089/9781451845723.001

ISBN: 9781451845723

Keywords: common agency models, grants vs. loans, interest group, economic policies, interest groups, political influence, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic po...