| |
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910788527103321 |
|
|
Autore |
Joshi Priyadarshani |
|
|
Titolo |
Implicit Transfers in IMF Lending, 1973–2003 / / Priyadarshani Joshi, Jeromin Zettelmeyer |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Washington, D.C. : , : International Monetary Fund, , 2005 |
|
|
|
|
|
|
|
ISBN |
|
1-4623-3571-3 |
1-4527-3403-8 |
1-282-10724-0 |
1-4519-0563-7 |
9786613800596 |
|
|
|
|
|
|
|
|
Descrizione fisica |
|
1 online resource (42 p.) |
|
|
|
|
|
|
Collana |
|
|
|
|
|
|
Altri autori (Persone) |
|
|
|
|
|
|
Soggetti |
|
Loans - Developing countries |
Subsidies - Developing countries |
Banks and Banking |
Financial Risk Management |
Macroeconomics |
Industries: Financial Services |
Debt |
Debt Management |
Sovereign Debt |
Personal Income, Wealth, and Their Distributions |
Interest Rates: Determination, Term Structure, and Effects |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Finance |
Debt relief |
Personal income |
SDR interest rate |
Loans |
Market interest rates |
Debts, External |
Income |
Interest rates |
United States |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references (p. 40-41). |
|
|
|
|
|
|
Nota di contenuto |
|
""Contents""; ""I. INTRODUCTION""; ""II. POTENTIAL SOURCES OF IMF TRANSFERS""; ""III. METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""APPENDIX I""; ""APPENDIX II""; ""APPENDIX III""; ""REFERENCES"" |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
We compute realized transfers implicit in IMF lending from 1973-2003, based on 2003 IMF repayment projections and promised debt relief. IMF lending rates to high-and middleincome countries fell short of industrial country borrowing rates by 30-150 basis points over the period as a whole, but exhibited a small premium after 1987. The subsidy received by low-income and HIPC countries was much higher (400-600 basis points, respectively). In 2002 NPV terms, cumulative transfers were 12-15 percent of 2002 GDP for the HIPCs, 2-3 percent for low income countries, and less than ¾ percent for the emerging market countries. |
|
|
|
|
|
|
|
| |