03677oam 22009494 450 991078822240332120230721045719.01-4623-2347-297866128445601-282-84456-31-4527-2180-71-4518-7408-1(CKB)3170000000055394(SSID)ssj0000952305(PQKBManifestationID)11588817(PQKBTitleCode)TC0000952305(PQKBWorkID)10902953(PQKB)10947997(OCoLC)680613492(MiAaPQ)EBC1605987(IMF)WPIEE2009263(EXLCZ)99317000000005539420020129d2009 uf 0engurcn|||||||||txtccrEstimating Demand for IMF Financing by Low-Income Countries in Response to Shocks /Yasemin Bal GunduzWashington, D.C. :International Monetary Fund,2009.55 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1824-0 Includes bibliographical references.This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks are found to be significant determinants of Fund financing. Moreover, global conditions, including changes in real oil and non-oil commodity prices and world trade, are also significant. Therefore, the demand for Fund financing by LICs is likely to be cyclical in response to common shocks with its intensity depending on the severity and persistence of adverse shocks.IMF Working Papers; Working Paper ;No. 2009/263Financial crisesExports and ImportsimfMacroeconomicsimfCurrent Account AdjustmentimfShort-term Capital MovementsimfCommodity MarketsimfEmpirical Studies of TradeimfEnergy: Demand and SupplyimfPricesimfInternational economicsimfBalance of payments needimfCommodity pricesimfCurrent account balanceimfTerms of tradeimfOil pricesimfBalance of paymentsimfEconomic policyimfnternational cooperationimfDeveloping countriesUnited StatesimfFinancial crises.Exports and ImportsMacroeconomicsCurrent Account AdjustmentShort-term Capital MovementsCommodity MarketsEmpirical Studies of TradeEnergy: Demand and SupplyPricesInternational economicsBalance of payments needCommodity pricesCurrent account balanceTerms of tradeOil pricesBalance of paymentsEconomic policynternational cooperationBal Gunduz Yasemin1509566International Monetary Fund.DcWaIMFBOOK9910788222403321Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks3741528UNINA