1.

Record Nr.

UNINA9910155014503321

Autore

Oeking Anne

Titolo

Arrears to the IMF – A Ghost of the Past? / / Anne Oeking, Mariusz Sumlinski

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2016

ISBN

1-4755-5514-8

1-4755-5539-3

Descrizione fisica

1 online resource (38 pages) : color illustrations

Collana

IMF Working Papers

Altri autori (Persone)

SumlinskiMariusz

Disciplina

338.542

Soggetti

Financial crises - Forecasting - Econometric models

Loans, Foreign

Econometrics

Exports and Imports

Macroeconomics

Money and Monetary Policy

International Monetary Arrangements and Institutions

International Lending and Debt Problems

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Price Level

Inflation

Deflation

Discrete Regression and Qualitative Choice Models

Discrete Regressors

Proportions

International economics

Monetary economics

Econometrics & economic statistics

Arrears

External debt

Credit

Commodity price indexes

Logit models

Money

Prices

Econometric analysis

Debts, External

Price indexes



Econometric models

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references.

Sommario/riassunto

In this paper, we consider incidences of arrears to the IMF, focusing on protracted arrears  cases and attempt to identify determinants of their occurrence. We use narrative and formal  methods. In addition, we analyze determinants of the duration of arrears. We find that  previous arrears, reserves coverage, and institutional quality are among the main  determinants of arrears. In addition, we identify a role for political developments, including  civil unrest, which make arrears more likely to arise and to last longer. We conclude that  improved macroeconomic conditions and turnaround of political fortunes would help to  clear the currently remaining protracted arrears cases.