Sudden Stops and Imf-Supported Programs
| Author/creator | Eichengreen, Barry J. Author |
| Other author | Gupta, Poonam Author |
| Other author | Mody, Ashoka Author |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 34 p. |
| Supplemental Content | Full text available from NBER Working Papers |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Summary | Annotation Could a high-access, quick-disbursing insurance facility in the IMF help to reduce the incidence of sharp interruptions in capital flows (sudden stops)? We contribute to the debate around this question by analyzing the impact of conventional IMF-supported programs on the incidence of sudden stops. Correcting for the non-random assignment of programs, we find that sudden stops are fewer and generally less severe when an IMF arrangement exists and that this form of insurance works best for countries with strong fundamentals. In contrast there is no evidence that a Fund-supported program attenuates the output effects of capital account reversals if these nonetheless occur. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781451908954 |
| ISBN | 1451908954 (E-Book) Active Record |
| Stock number | 00013468 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | ✔ Available |