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The Politics of IMF LendingIMF Lending

The Politics of IMF Lending: IMF Lending [The IMF is custodian of a large amount of its members’ currencies. One of its main tasks is to act as a gatekeeper, by deciding who is allowed to draw on these assets. With so many developing and emerging economies under IMF programs at any given time, the question of what drives participation is of considerable interest to academics and policymakers. Without the initial decision to grant assistance in the form of a concessional or non-concessional loan, the other policies of interest in this book would never be realized. This makes the study of program approval a natural starting point in any empirical analysis of IMF behavior.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Politics of IMF LendingIMF Lending

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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
ISBN
978-1-349-44277-5
Pages
85 –104
DOI
10.1057/9781137263810_6
Publisher site
See Chapter on Publisher Site

Abstract

[The IMF is custodian of a large amount of its members’ currencies. One of its main tasks is to act as a gatekeeper, by deciding who is allowed to draw on these assets. With so many developing and emerging economies under IMF programs at any given time, the question of what drives participation is of considerable interest to academics and policymakers. Without the initial decision to grant assistance in the form of a concessional or non-concessional loan, the other policies of interest in this book would never be realized. This makes the study of program approval a natural starting point in any empirical analysis of IMF behavior.]

Published: Oct 12, 2015

Keywords: Debt Service; Loan Size; Heckman Selection Model; Borrowing Country; Trade Exposure

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