Implicit Transfers in IMF Lending, 1973–2003 / / Priyadarshani Joshi, Jeromin Zettelmeyer
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| Autore: |
Joshi Priyadarshani
|
| Titolo: |
Implicit Transfers in IMF Lending, 1973–2003 / / Priyadarshani Joshi, Jeromin Zettelmeyer
|
| 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 |
| 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 |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2005/008