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Implicit Transfers in IMF Lending, 1973–2003 / / Priyadarshani Joshi, Jeromin Zettelmeyer



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Autore: Joshi Priyadarshani Visualizza persona
Titolo: Implicit Transfers in IMF Lending, 1973–2003 / / Priyadarshani Joshi, Jeromin Zettelmeyer Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2005
Descrizione fisica: 1 online resource (42 p.)
Soggetto topico: 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
Soggetto geografico: United States
Altri autori: ZettelmeyerJeromin  
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.
Titolo autorizzato: Implicit Transfers in IMF Lending, 1973–2003  Visualizza cluster
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.: 9910788527103321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2005/008