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035   $a(OCoLC)535146996
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035   $a(IMF)WPIEE2005008
035   $a(EXLCZ)993360000000442487
100   $a20020129d2005      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aImplicit Transfers in IMF Lending, 1973?2003 /$fPriyadarshani Joshi, Jeromin Zettelmeyer
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2005.
215   $a1 online resource (42 p.)
225 1 $aIMF Working Papers
300   $a"January 2005."
311   $a1-4518-6027-7 
320   $aIncludes bibliographical references (p. 40-41).
327   $a""Contents""; ""I. INTRODUCTION""; ""II. POTENTIAL SOURCES OF IMF TRANSFERS""; ""III. METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""APPENDIX I""; ""APPENDIX II""; ""APPENDIX III""; ""REFERENCES""
330 3 $aWe compute realized transfers implicit in IMF lending from 1973-2003, based on 2003 IMF repayment projections and promised debt relief. IMF lending rates to high-and middleincome countries fell short of industrial country borrowing rates by 30-150 basis points over the period as a whole, but exhibited a small premium after 1987. The subsidy received by low-income and HIPC countries was much higher (400-600 basis points, respectively). In 2002 NPV terms, cumulative transfers were 12-15 percent of 2002 GDP for the HIPCs, 2-3 percent for low income countries, and less than ¾ percent for the emerging market countries.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2005/008
606   $aLoans$zDeveloping countries
606   $aSubsidies$zDeveloping countries
606   $aBanks and Banking$2imf
606   $aFinancial Risk Management$2imf
606   $aMacroeconomics$2imf
606   $aIndustries: Financial Services$2imf
606   $aDebt$2imf
606   $aDebt Management$2imf
606   $aSovereign Debt$2imf
606   $aPersonal Income, Wealth, and Their Distributions$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aFinance$2imf
606   $aDebt relief$2imf
606   $aPersonal income$2imf
606   $aSDR interest rate$2imf
606   $aLoans$2imf
606   $aMarket interest rates$2imf
606   $aDebts, External$2imf
606   $aIncome$2imf
606   $aInterest rates$2imf
607   $aUnited States$2imf
615  0$aLoans
615  0$aSubsidies
615  7$aBanks and Banking
615  7$aFinancial Risk Management
615  7$aMacroeconomics
615  7$aIndustries: Financial Services
615  7$aDebt
615  7$aDebt Management
615  7$aSovereign Debt
615  7$aPersonal Income, Wealth, and Their Distributions
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aFinance
615  7$aDebt relief
615  7$aPersonal income
615  7$aSDR interest rate
615  7$aLoans
615  7$aMarket interest rates
615  7$aDebts, External
615  7$aIncome
615  7$aInterest rates
700   $aJoshi$b Priyadarshani$01462148
701   $aZettelmeyer$b Jeromin$01462149
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788527103321
996   $aImplicit Transfers in IMF Lending, 1973?2003$93670989
997   $aUNINA