Contributions

  • Mody, Ashoka. - Contributor
  • Oomes, Nienke. - Contributor
  • International Monetary Fund. European Dept. - Contributor
  • International Monetary Fund. Research Dept. - Contributor

Publication

2004 - International Monetary Fund, European Dept. and Research Dept., Washington D.C, District of Columbia

Language

English

Word Count

8,500 words, Guess

Page Count

34 pages

Identifiers

  • Better World Books9781451905403
  • Better World Books9781452721927
  • Better World Books9781451860047
  • Open LibraryOL20005520M

Classifications

  • LCCHG3891
  • LCCHB1

Description

"In this paper, we examine the IMF's role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF program, although they may initially deteriorate somewhat. Consistent with theoretical predictions and earlier empirical findings, we find that IMF programs are most successful in improving capital flows to countries with bad, but not very bad fundamentals. In such countries, IMF programs are also associated with improvements in the fundamentals themselves"--National Bureau of Economic Research web site.

Subjects

Series Statement

  • IMF working paper -- WP/04/197

Links

Other Editions

  • Keeping capital flowingInternational Monetary Fund, European Dept. and Research Dept.2004

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