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Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks / / Yasemin Bal Gunduz
| Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks / / Yasemin Bal Gunduz |
| Autore | Bal Gunduz Yasemin |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 55 p. : ill |
| Collana | IMF Working Papers |
| Soggetto topico |
Financial crises
Exports and Imports Macroeconomics Current Account Adjustment Short-term Capital Movements Commodity Markets Empirical Studies of Trade Energy: Demand and Supply Prices International economics Balance of payments need Commodity prices Current account balance Terms of trade Oil prices Balance of payments Economic policy nternational cooperation |
| ISBN |
1-4623-2347-2
9786612844560 1-282-84456-3 1-4527-2180-7 1-4518-7408-1 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788222403321 |
Bal Gunduz Yasemin
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks / / Yasemin Bal Gunduz
| Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks / / Yasemin Bal Gunduz |
| Autore | Bal Gunduz Yasemin |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 55 p. : ill |
| Disciplina | 332.152 |
| Collana | IMF Working Papers |
| Soggetto topico |
Financial crises
Exports and Imports Macroeconomics Current Account Adjustment Short-term Capital Movements Commodity Markets Empirical Studies of Trade Energy: Demand and Supply Prices International economics Balance of payments need Commodity prices Current account balance Terms of trade Oil prices Balance of payments Economic policy nternational cooperation |
| ISBN |
1-4623-2347-2
9786612844560 1-282-84456-3 1-4527-2180-7 1-4518-7408-1 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Intro -- Contents -- I. Introduction -- II. Literature Review -- III. Stylized Facts on LIC Landscape and Fund Financing -- IV. Potential Economic Determinants of Participation in IMF Arrangements -- V. Methodology -- A. Identification of the Dependent Variable: Approval of IMF Arrangements -- B. Econometric Specification -- VI. Results -- A. Estimation Results: Benchmark Specifications -- B. Goodness of Fit -- C. The Threshold Probability Analysis -- D. Effects of Explanatory Variables on the Probability of Financing Events -- VII. Robustness Checks -- A. Logit versus Probit Model -- B. Alternative Probit Estimators for the Country Specific Heterogeneity -- C. Is There a Persistence Caused by Previous Fund Programs? -- D. Natural Disasters: Why Omitted from the Financing Events? -- E. The Effect of Export Concentration: Non-oil Commodities -- F. Fund Financing to CFA versus Non-CFA Countries -- VIII. Concluding Remarks -- Appendices -- References -- Figures -- 1. Fund Financing to LICs for Policy and/or Exogenous Shocks (1980-2008) -- 2. Low Income Countries: Selected Economic Indicators (1980-2007) -- 3. Distribution of Reserve Coverage in the Sample Prior to Financing Events versus Normal Episodes: CFA versus Non-CFA Countries -- 4. Threshold Probability Analysis -- 5. Model I: Counterfactual Simulations-Effects of Explanatory Variables on the Probability of Fund Financing -- 6. Model II: Counterfactual Simulations-Effects of Explanatory Variables on the Probability of Fund Financing -- 7. Comparison of Predicted Probabilities: Probit versus Logit Estimates -- Tables -- 1. Estimation Results: Demand for the Fund Financing in Response to Shocks -- 2. Predicted Probabilities (Percentiles) -- 3. Values of Explanatory Variables in Counterfactual Simulations -- 4. Financing for Natural Disasters: Estimation Results.
5. The Effect of Export Concentration: Non-oil Commodities -- 6. Model I: The Fund Financing to Non-CFA Countries -- Box 1. Why A Composite Indicator for Macroeconomic Stability? -- Appendices I. Data -- Appendix Tables -- A1. Country List: Estimation Sample -- A2. Model I Policy and Exogenous Shocks: Estimation Results for Alternative Specifications -- A3. Model II Exogenous Shocks: Estimation Results for Alternative Specifications -- A4. Model I Policy and Exogenous Shocks: Comparison of Alternative Estimators and Average Partial Effects -- A5. Model II Exogenous Shocks: Comparison of Alternative Estimators and Average Partial Effects -- A6. Effect of Previous Fund Engagement. |
| Record Nr. | UNINA-9910826146403321 |
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Bal Gunduz Yasemin
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||