Sudden Stops and IMF-Supported Programs / / Barry Eichengreen, Poonam Gupta, Ashoka Mody

• Autore: Eichengreen Barry
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (53 p.)
• Soggetto topico: Capital movements - Econometric models; Balance of payments; Capital flows; Capital movements; Credit; Currency; Current Account Adjustment; Current account; Domestic credit; Exchange rate arrangements; Exports and Imports; Foreign Exchange; Foreign exchange; International economics; International Investment; Long-term Capital Movements; Monetary economics; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; Money and Monetary Policy; Short-term Capital Movements; Sudden stops
• Soggetto geografico: United States
• Altri autori: GuptaPoonam ModyAshoka
• Note generali: "May 2006".
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. SUDDEN STOPS AND MULTILATERAL INSURANCE""; ""III. CAPITAL FLOWS AND SUDDEN STOPS""; ""IV. IMF-SUPPORTED PROGRAMS""; ""V. MULTIVARIATE ANALYSIS""; ""VI. IMF-SUPPORTED PROGRAMS AND SUDDEN STOPS""; ""VII. EXTENSIONS""; ""VIII. CONCLUSIONS AND IMPLICATIONS""; ""Appendix Table A1. Countries in the Sample and Sudden Stop Dates Country Year""; ""Appendix Table A2. Determinants of Sudden Stops: Sensitivity to Sample Composition""; ""Appendix II: Sources of Data and Construction of Variables""; ""REFERENCES""
• Sommario/riassunto: Could a high-access, quick-disbursing "insurance facility" in the IMF help to reduce the incidence of sharp interruptions in capital flows ("sudden stops")? We contribute to the debate around this question by analyzing the impact of conventional IMF-supported programs on the incidence of sudden stops. Correcting for the non-random assignment of programs, we find that sudden stops are fewer and generally less severe when an IMF arrangement exists and that this form of "insurance" works best for countries with strong fundamentals. In contrast there is no evidence that a Fund-supported program attenuates the output effects of capital account reversals if these nonetheless occur.
• Titolo autorizzato: Sudden Stops and IMF-Supported Programs
• ISBN: 9786613820808; 9781462307432; 1462307434; 9781452723914; 1452723915; 9781282413764; 1282413767; 9781451908954; 1451908954
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910959813103321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/101