Implicit transfers in IMF lending, 1973-2003 / / prepared by Jeromin Zettelmeyer and Priyadarshani Joshi

• Autore: Zettelmeyer Jeromin
• Pubblicazione: Washington, D.C., : International Monetary Fund, Research Dept., 2005
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (42 p.)
• Soggetto topico: Loans - Developing countries; Subsidies - Developing countries
• Altri autori: JoshiPriyadarshani
• Note generali: "January 2005."
• 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.
• Altri titoli varianti: Implicit transfers in International Monetary Fund lending, 1973-2003
• Titolo autorizzato: Implicit transfers in IMF lending, 1973-2003
• ISBN: 1-4623-3571-3; 1-4527-3403-8; 1-282-10724-0; 1-4519-0563-7; 9786613800596
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910813823703321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/05/8.