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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe Incidence and Effectiveness of Prior Actions in IMF-supported Programs /$fUma Ramakrishnan, Alun Thomas
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (26 p.)
225 1 $aIMF Working Papers
300   $a"September 2006."
311   $a1-4518-6473-6 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE LITERATURE""; ""III. STYLIZED FACTS OF IMF-SUPPORTED PROGRAMS""; ""IV. DETERMINANTS OF PRIOR ACTIONS""; ""V. PRIOR ACTIONS AND PROGRAM SUCCESS""; ""VI. CONCLUSIONS""; ""References""; ""Appendix""
330 3 $aPrior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling role, particularly for programs supported by the General Resources Account (GRA). Controlling for the member's previous track record, prior actions are associated with greater compliance with other structural conditions, suggesting their possible use as a screening device. Moreover, prior actions set at program approval serve as a useful screening device and strengthen the macroeconomic targets set out in the IMF-supported program. The results also reveal a demonstrable screening effect on growth over the medium term, since the growth impact of the ratio of prior actions at the outset versus the rest of the program is significantly positive while the total number of prior actions is not statistically significant.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/213
606   $aInternational finance
606   $aBudgeting$2imf
606   $aForeign Exchange$2imf
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aPublic Finance$2imf
606   $aFiscal Policy$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aNational Budget$2imf
606   $aBudget Systems$2imf
606   $aNational Government Expenditures and Related Policies: General$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aBudgeting & financial management$2imf
606   $aPublic finance & taxation$2imf
606   $aFiscal stance$2imf
606   $aReal exchange rates$2imf
606   $aBudget planning and preparation$2imf
606   $aPublic expenditure review$2imf
606   $aFiscal policy$2imf
606   $aPrices$2imf
606   $aBudget$2imf
606   $aExpenditures, Public$2imf
607   $aUnited States$2imf
615  0$aInternational finance.
615  7$aBudgeting
615  7$aForeign Exchange
615  7$aInflation
615  7$aMacroeconomics
615  7$aPublic Finance
615  7$aFiscal Policy
615  7$aPrice Level
615  7$aDeflation
615  7$aNational Budget
615  7$aBudget Systems
615  7$aNational Government Expenditures and Related Policies: General
615  7$aCurrency
615  7$aForeign exchange
615  7$aBudgeting & financial management
615  7$aPublic finance & taxation
615  7$aFiscal stance
615  7$aReal exchange rates
615  7$aBudget planning and preparation
615  7$aPublic expenditure review
615  7$aFiscal policy
615  7$aPrices
615  7$aBudget
615  7$aExpenditures, Public
700   $aRamakrishnan$b Uma$01464147
701   $aThomas$b Alun$01098448
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788406903321
996   $aThe Incidence and Effectiveness of Prior Actions in IMF-supported Programs$93850040
997   $aUNINA