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Record Nr. |
UNINA9910155014503321 |
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Autore |
Oeking Anne |
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Titolo |
Arrears to the IMF – A Ghost of the Past? / / Anne Oeking, Mariusz Sumlinski |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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1-4755-5514-8 |
1-4755-5539-3 |
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Descrizione fisica |
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1 online resource (38 pages) : color illustrations |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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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 |
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Econometric models |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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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. |
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